Brera Holdings PLC (NASDAQ: BREA), an international holding company with a focus on multi-club ownership in global sports, has announced a 1-for-10 reverse share split of its Class A and Class B ordinary shares. This strategic move, effective June 26, 2025, is designed to comply with Nasdaq's minimum bid price requirement, ensuring the company's continued listing on the exchange. The reverse split will adjust the number of Class A shares from approximately 6.3 million to 633,800 and Class B shares from 17.8 million to 1.78 million, while the nominal value per share will increase from $0.005 to $0.05. Shareholders will not need to take any action, as fractional shares will be rounded up accordingly.
This decision, approved by both the shareholders and the board, underscores Brera Holdings' commitment to maintaining its Nasdaq listing, which is crucial for attracting investors and sustaining its growth trajectory in the competitive sports industry. The company's strategy revolves around acquiring and developing emerging football and other sports clubs worldwide, aiming to capitalize on tournament prizes, sponsorships, and consulting services to achieve capital appreciation.
The implications of this reverse share split are significant for investors and the sports industry at large. By regaining compliance with Nasdaq's requirements, Brera Holdings positions itself more favorably in the market, potentially enhancing its ability to secure investments and partnerships. This move reflects the company's proactive approach to overcoming financial hurdles and its dedication to long-term success in the global sports arena. For more details on the announcement, visit https://ibn.fm/8zfhP.
