Svmuu News: Nasdaq-listed company Solmate (formerly Brera Holdings PLC) announced that its board of directors has approved the official change of its legal name to Solmate Infrastructure PLC, aiming to transform into an institutional-grade Solana infrastructure provider based in Abu Dhabi. According to the plan, the company will shut down two underperforming football teams from its existing sports asset portfolio to reallocate funds towards Solana infrastructure construction in the UAE.
Furthermore, Solmate has proposed a 10-for-1 reverse stock split, which would increase the par value of its Class A and Class B ordinary shares from $0.05 to $0.50. This proposal requires approval at the general shareholders' 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, with participation from investors including the Solana Foundation and Ark Invest. (The Block)