Nasdaq-listed Solmate to pursue a 1-for-10 reverse stock split…build a Solana hub in the UAE

Solmate has approved, via its board of directors, a plan to change the company’s legal name from Brera Holdings PLC to Solmate Infrastructure PLC, The Block reported on the 10th (local time).

Through this restructuring, the company plans to clarify its identity as a Solana-based digital-asset infrastructure firm and make Abu Dhabi its main operating hub.

Solmate previously said in September last year that it would pivot away from its legacy business centered on operating football clubs and shift to a Solana-focused strategy. Accordingly, it will wind down the management of two underperforming football teams in its existing sports portfolio, while retaining Italian club Juve Stabia.

Funds secured from the divested businesses will be reinvested in expanding Solana infrastructure and executing its digital-asset strategy in the UAE.

The company is also pursuing a 1-for-10 reverse stock split to adjust its equity structure. The plan would consolidate 10 shares each of Class A and Class B into one share, with par value adjusted from $0.05 to $0.5. The stock ticker will remain SLMT.

The proposal is set to go through shareholder approval at a general meeting scheduled for April 7.

Marco Santori, Solmate’s chief executive officer (CEO), said, “By focusing our capital and corporate identity on a Solana-centered strategy, we will play a key role in the rapidly growing regional digital economy.”

Solmate earlier raised roughly $300 million in private investment in September 2025 to pursue Solana-based digital-asset treasury and infrastructure operations. Participants included the Solana Foundation, Cathie Wood’s Ark Invest, RockawayX, and UAE-based Pulsar Group.

The company plans to build a revenue model based on accumulating and staking Solana tokens, along with validator infrastructure and blockchain services. It said that in November 2025 it launched the UAE’s first bare-metal Solana validator.