Odaily Odaily that Nasdaq-listed Solmate (formerly Brera Holdings PLC) has announced that its board of directors has approved a formal change of its legal name to Solmate Infrastructure PLC, aiming to transform into an institutional-grade Solana infrastructure provider based in Abu Dhabi. Under the plan, the company will close two underperforming football teams in its existing sports portfolio to reallocate funds to Solana infrastructure development in the UAE.
In addition, Solmate proposed a 10-for-1 reverse stock split, increasing the par value of Class A and Class B common stock from $0.05 to $0.50. This proposal needs approval at the shareholder meeting on April 7. Solmate CEO Marco Santori stated that by concentrating capital and corporate identity on Solana, the company is committed to becoming a core player in the region's digital economy. Previously, the project secured $300 million in funding in September 2025 from participants including the Solana Foundation and Ark Invest. (The Block)
