TLDR
- Solmate will reposition itself as a Solana infrastructure provider based in the United Arab Emirates.
- The company plans to change its legal name from Brera Holdings PLC to Solmate Infrastructure PLC.
- Solmate proposed a 10-for-1 reverse stock split subject to shareholder approval on April 7.
- The company will establish Abu Dhabi as its primary operational base for blockchain services.
- Solmate will wind down two underperforming soccer teams while retaining Juve Stabia.
Solmate will reposition its business as a Solana infrastructure provider based in the United Arab Emirates. The Nasdaq-listed company, now operating as Brera Holdings PLC, approved a plan to change its legal name and corporate focus. The board also backed a reverse stock split as it shifts operations to Abu Dhabi and advances its blockchain strategy.
Solmate Approves Name Change and Reverse Stock Split
Solmate will change its legal name from Brera Holdings PLC to Solmate Infrastructure PLC. The board approved the proposal and will seek shareholder consent at an April 7 meeting. The company will also revise its constitutional documents to reflect its focus on blockchain infrastructure. It will continue trading on Nasdaq under the ticker SLMT after the change.
The company proposed a 10-for-1 reverse stock split for Class A and Class B shares. The plan will consolidate 10 shares into 1 share and raise the nominal value from $0.05 to $0.50. Solmate will not issue fractional shares under the consolidation. The reverse split remains subject to shareholder approval before it takes effect.
CEO Marco Santori outlined the company’s objective in a public statement. He said, “By focusing our capital and corporate identity on Solana, we are positioning ourselves to be a central player in the region’s rapidly expanding digital economy.” The company confirmed that Abu Dhabi will serve as its primary operational base.
Solmate began its transition in September 2025 when it shifted away from football ownership. The company then announced a strategic pivot toward blockchain and digital asset infrastructure. It now seeks to align its structure with institutional-grade Solana services.
Solmate Expands Solana Infrastructure and Treasury Strategy
Solmate will streamline its sports holdings to support its blockchain expansion. The company plans to wind down two underperforming soccer teams from its portfolio. However, it will retain its flagship Italian club, Juve Stabia. The company will redirect capital from those changes toward Solana infrastructure in the UAE.
In September 2025, Solmate raised $300 million through a private investment in public equity. The funding round attracted backing from the Solana Foundation, Ark Invest, RockawayX, and Pulsar Group. The company said the financing will support its Solana-focused treasury and validator operations.
Under its strategy, Solmate will accumulate and stake SOL tokens. It will also generate revenue from validator infrastructure and blockchain services. In November 2025, the company launched what it described as the first bare-metal Solana validator in the UAE. The validator enables partners and the public to stake SOL tokens at zero commission.
Earlier this year, Solmate canceled a planned merger with RockawayX. The company cited changed market conditions for ending the transaction. However, both firms said they will maintain their strategic partnership. Solmate shares closed down 5.17% on Tuesday and have declined 82.26% over six months.
