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An announcement from Brera Holdings PLC Class B ( (SLMT) ) is now available.
On May 5, 2026, Brera Holdings PLC (d/b/a Solmate Infrastructure) announced the expected timing of its previously approved 1-for-10 reverse share split of its Class B ordinary shares. The board approved the move on May 1, 2026, following shareholder approval at an April 7, 2026 extraordinary general meeting.
The company expects the reverse split to become effective on or about May 14, 2026, subject to Nasdaq processing and routine administrative steps, with shares continuing to trade on Nasdaq under the symbol SLMT on a split-adjusted basis. The reverse split, which will reduce outstanding Class B shares from 83,874,383 to 8,387,438, is intended to help the company regain compliance with Nasdaq’s minimum $1.00 bid price listing requirement, a key step for maintaining its U.S. market listing and investor access.
More about Brera Holdings PLC Class B
Brera Holdings PLC, operating as Solmate Infrastructure, is a Solana-based crypto infrastructure company with a strategic focus on Abu Dhabi and the broader Middle East. It builds physical infrastructure and Solana staking capabilities aimed at processing Solana transactions faster and more efficiently, backed by investors including Ark Invest, RockawayX, Pulsar Group and other UAE and international backers.
Average Trading Volume: 763,035
Technical Sentiment Signal: Sell
Current Market Cap: $63.61M
Learn more about SLMT stock on TipRanks’ Stock Analysis page.