Nasdaq-listed company Solmate bets on the Solana ecosystem, planning a 10-for-1 reverse stock split and building a SOL infrastructure center in the UAE

On March 11, Nasdaq-listed company Solmate Infrastructure announced that its board of directors has approved a strategic plan to fully transform into an institutional-level Solana infrastructure provider, with its main operations center located in Abu Dhabi, UAE. The company currently operates under the legal entity Brera Holdings PLC, with stock code SLMT. This move marks a rapid shift toward blockchain infrastructure and digital asset management businesses.

According to disclosed information, Solmate plans to officially change its legal name to Solmate Infrastructure PLC and update its articles of incorporation to reflect its strategic focus on blockchain infrastructure development and digital asset management services. This transformation is also a key step following the company’s brand restructuring plan launched in September 2025, when it shifted from traditional sports investment to a development path centered on the Solana ecosystem.

As part of the restructuring, Solmate also plans to sell some non-core assets, including two underperforming football clubs from its sports investment portfolio, while retaining its core asset, the Italian team Juventus Stabia. The company stated that the proceeds from these sales will be used to build Solana infrastructure in the UAE, including validator nodes and staking service networks.

Meanwhile, the company proposed a 10-for-1 reverse stock split, consolidating every 10 Class A or B common shares into one share, increasing the par value from $0.05 to $0.50, with no fractional shares issued. This proposal still requires shareholder approval and is expected to take effect after the shareholder meeting scheduled for April 7, 2026. The company emphasized that the stock will continue to trade under the original ticker SLMT.

Solmate CEO Marco Santori stated that by focusing capital and brand strategy on the Solana ecosystem, the company aims to secure a key position in the rapidly growing digital asset industry in the Middle East and promote regional blockchain infrastructure development.

Previously, in September 2025, Solmate raised approximately $300 million through private equity financing to establish a digital asset fund management and infrastructure company focused on the Solana ecosystem. The funding was supported by the Solana Foundation, Ark Invest (founded by Cathie Wood), RockawayX, and UAE-based Pulsar Group. The company plans to continue accumulating and staking SOL tokens while expanding revenue sources related to validator nodes and blockchain services.

Despite ongoing strategic transformation, capital markets have remained under pressure. Data shows that SLMT’s stock price closed down 5.17% on Tuesday, with a decline of over 82% over the past six months. However, the company continues to deploy Solana validator nodes and plans to provide localized SOL staking and blockchain infrastructure access channels for regional investors.