SLMT · Brera Holdings PLC

Brera Holdings PLC (d/b/a Solmate Infrastructure) disclosed receipt of a Nasdaq Staff Determination on April 23, 2026, due to the company's Class B ordinary shares failing to maintain a minimum closing bid price of $1.00 for 30 consecutive business days (March 11 to April 22, 2026). The Staff Determination was issued under Listing Rule 5810(c)(3)(A)(iv), and the company is ineligible for a 180-day compliance period because a prior reverse stock split (1-for-10) was effected on June 26, 2025, within the past year. To avoid delisting, Brera intends to timely request a hearing before an independent Nasdaq Hearings Panel by April 30, 2026. The hearing request will automatically stay any suspension or delisting action pending the Panel's decision, allowing shares to continue trading under the ticker SLMT. The company's shareholders approved a 10-for-1 reverse share split at an extraordinary general meeting on April 7, 2026, subject to board discretion. The board is working to effectuate the reverse split and expects to regain compliance with the minimum bid price requirement thereafter. This event is material as it directly impacts the company's listing status and access to public capital markets.