Nasdaq-listed company Solmate proposes 10:1 reverse stock split, focusing on building a Solana infrastructure center in the United Arab Emirates

CycleProphet · 2026-03-11T04:36:09+00:00

Nasdaq-listed company Solmate (SLMT) has changed its company name to Solmate Infrastructure PLC and proposed a 10:1 reverse stock split, focusing on building Solana infrastructure in Abu Dhabi and shutting down two underperforming football teams. The shareholders' meeting will be held on April 7.

CycleProphet

2026-03-11 04:36:09

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Deep Tide TechFlow News, March 11 — According to The Block, Nasdaq-listed company Solmate (stock ticker: SLMT) board of directors approved a proposal to change the company’s legal name from Brera Holdings PLC to Solmate Infrastructure PLC, and to implement a 10:1 reverse stock split.

The company plans to shift its operational focus to building a Solana infrastructure center in Abu Dhabi, UAE. As part of this strategic adjustment, Solmate will shut down two underperforming football clubs from its sports asset portfolio, retaining only the Italian club Juve Stabia, and will use the released funds to expand Solana infrastructure in the UAE.

The reverse stock split proposal requires shareholder approval, with a shareholder meeting scheduled for April 7.

SOL1,64%

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