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5h ago

Brera to Rebrand as Solmate Infrastructure With Abu Dhabi Solana Hub Plan

Shareholders will vote April 7 on a 10-for-1 reverse split to position the Nasdaq-listed company for institutional investors.

Nasdaq listed solmate plans uae solana hub and capital restructuring
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Brera board approves solmate pivot, cuts soccer teams to focus on solana

Overview

  • The board approved a legal realignment and a name change from Brera Holdings PLC to Solmate Infrastructure PLC, and the Nasdaq ticker will remain SLMT.
  • The company will establish Abu Dhabi as its primary base to build institutional-grade Solana staking and validation infrastructure.
  • Management will wind down two underperforming football teams, retaining Italian club Juve Stabia, to redeploy capital to the UAE buildout.
  • The proposed 10-for-1 reverse stock split would consolidate every 10 Class A and Class B shares into one share, subject to shareholder approval.
  • The shift follows a $300 million PIPE backed by ARK Invest, RockawayX, Pulsar Group and the Solana Foundation, and it builds on a November 2025 launch of a UAE bare‑metal Solana validator.