SplitMay 6, 2026, 06:09 AM
Brera Holdings 1-for-10 Reverse Share Split Expected May 14
AI Summary
Brera Holdings PLC, operating as Solmate Infrastructure, announced an update on the expected timing of its previously approved 1-for-10 reverse share split. The company anticipates the split to become effective on or about May 14, 2026, subject to Nasdaq processing. This corporate action is intended to help Brera Holdings regain compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share for continued listing.
Key Highlights
- Brera Holdings PLC expects its 1-for-10 reverse share split to become effective on or about May 14, 2026.
- The reverse share split was approved by the board of directors on May 1, 2026.
- Shareholder approval for the split was obtained at an extraordinary general meeting on April 7, 2026.
- The split will reduce the outstanding Class B ordinary shares from 83,874,383 to 8,387,438.
- The primary goal of the reverse split is to regain compliance with Nasdaq's minimum $1.00 bid price requirement.