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DUBLIN - Brera Holdings PLC (NASDAQ:BREA), an Ireland-based sports club holding company with a market capitalization of $16.6 million, announced today a 1-for-10 reverse share split of its ordinary shares effective Thursday, June 26, 2025, when markets open. The company’s stock, currently trading at $0.76, is considered undervalued according to InvestingPro Fair Value analysis, despite experiencing a notable 23.92% gain over the past week.
The reverse split will consolidate the company’s Class A Ordinary Shares from approximately 6,338,000 to 633,800 shares and Class B Ordinary Shares from approximately 17,809,074 to 1,780,908 shares. The nominal value of each share will increase from $0.005 to $0.05.
Brera’s board approved the measure on May 21, and shareholders gave their consent at an extraordinary general meeting on June 14. The company’s Class B Ordinary Shares will continue trading on the Nasdaq Capital Market under the symbol "BREA" but with a new CUSIP number: G13311116.
The primary purpose of the reverse split is to regain compliance with Nasdaq’s minimum bid price requirement for continued listing. No fractional shares will be issued, with any resulting fractional shares rounded up to the nearest whole share. InvestingPro data reveals the company maintains impressive gross profit margins of 89.67%, though analysts note the company is quickly burning through cash. Subscribers can access 5 additional key ProTips and comprehensive financial metrics to better evaluate this corporate action’s potential impact.
The reverse split will also adjust the number of shares issuable under the company’s equity awards, warrants, and convertible preferred shares, with corresponding increases in exercise or conversion prices.
Shareholders holding shares electronically through brokerages need not take any action, as the effect will automatically be reflected in their accounts.
Brera Holdings focuses on expanding its portfolio of sports clubs through a multi-club ownership strategy. The company recently completed acquisition of a 52% majority stake in Italian Serie B football club Juve Stabia on June 20. Financial data from InvestingPro shows the company achieved substantial revenue growth of 151.52% in the last twelve months, though maintaining a FAIR overall financial health score.
This article is based on a press release statement from Brera Holdings.
In other recent news, Brera Holdings PLC announced significant executive changes, with the resignation of Pierre Galoppi from his roles as Chief Executive Officer and Interim Chief Financial Officer. Pietro Bersani has been appointed as the new CEO and CFO, with an annual salary of $400,000 and a restricted share award of 300,000 Class B Ordinary Shares, vesting over three years. Additionally, Fabio Scacciavillani has joined as a director and will chair the Audit Committee, receiving an annual fee of $56,000 and a share award. The company has also entered into a consulting agreement with Abhishek Mathews as Chief Information Officer.
In another development, Brera Holdings has formed an advisory agreement with Toronto Blizzard Corp. to create pathways for young soccer players, focusing on talent aged 3-18. This partnership aims to leverage Toronto Blizzard’s soccer scholarship program and Brera’s network of professional clubs. Giuseppe Parolini, owner of Toronto Blizzard, will serve as an advisor to Brera Holdings. Furthermore, Brera Holdings has scheduled an extraordinary general meeting to be held online on June 14, 2025. This meeting will be conducted to discuss company matters with shareholders.
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