Brera Holdings to rebrand as Solmate with new ticker SLMT

ABU DHABI - Brera Holdings PLC (NASDAQ:BREA), a company that has seen its stock surge over 200% year-to-date according to InvestingPro data, announced it will begin trading under the new ticker symbol "SLMT" on October 3, 2025, as part of its rebranding to Solmate, reflecting its shift to becoming a Solana-based crypto infrastructure company.

The company, which previously traded as BREA and currently maintains a market capitalization of approximately $60 million, is establishing dedicated servers in Abu Dhabi to directly power Solana’s network rather than outsourcing staking to third-party validators. With an impressive gross profit margin of nearly 90%, the company has demonstrated strong operational efficiency in its existing business lines.

"Changing our ticker to SLMT is more than a formality," said Marco Santori, CEO of Solmate. "Our new identity in the public market underscores Solmate’s role as one of the premier Solana-focused infrastructure companies in the public market today."

The company aims to grow "SOL-per-share" by building physical infrastructure in strategic locations. Solmate is developing what it describes as the first performant Solana validator in the Middle East, which it expects will provide regional investors with a local option to stake SOL.

Solmate’s leadership includes Santori, former Chief Legal Officer of Kraken and President of Blockchain.com, alongside board members Dr. Arthur Laffer and Viktor Fischer of RockawayX.

The company reports being backed by a $300 million oversubscribed PIPE (Private Investment in Public Equity) sponsored by Pulsar Group with participation from the Solana Foundation, RockawayX and ARK Invest. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 12 additional ProTips available to subscribers covering everything from cash position to growth metrics.

Santori highlighted Abu Dhabi’s strategic importance, calling it the "Capital of Capital" and noting its "favorable regulatory and capital markets environment for blockchain innovation."

No action is required from current shareholders regarding the ticker change, according to the company’s press release statement. The company’s stock has shown significant momentum, delivering a remarkable revenue growth of 151% in the last twelve months, though InvestingPro data suggests investors should monitor the company’s financial health score, currently rated as ’FAIR’.

In other recent news, Brera Holdings PLC announced a significant transformation into Solmate, a Solana-based digital asset treasury and crypto infrastructure company, following an oversubscribed $300 million private investment in public equity (PIPE) offering. The funding is sponsored by UAE-based Pulsar Group, with support from the Solana Foundation, RockawayX, and investment firms like ARK Invest. Marco Santori, formerly of Kraken, will take on the role of CEO for the newly rebranded company. In addition to the rebranding, Brera Holdings has made notable changes in its leadership, with Pietro Bersani resigning as both CEO and CFO. The company clarified that Bersani’s resignation was not due to any disagreement regarding its operations or policies. Furthermore, Brera Holdings has scheduled an extraordinary general meeting for September 16, 2025, to be held online, providing shareholders with details on the agenda and proxy statement. Additionally, Brera Holdings has emerged as a multi-club ownership group in Italy’s Serie B, joining City Football Group in the league. Brera’s acquisition of a 52% majority stake in SS Juve Stabia marks its entry alongside City Football Group’s Palermo FC.

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