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Brera Holdings Announces Reverse Share Split to Regain Compliance with Nasdaq’s Minimum Bid Price Rule
Globenewswire· 2025-06-24 11:00
Core Viewpoint - Brera Holdings PLC announced a 1-for-10 reverse share split to comply with Nasdaq's minimum bid price requirement, consolidating its Class A and Class B Ordinary Shares [1][4]. Group 1: Reverse Share Split Details - The reverse share split will consolidate 50,000,000 Class A Ordinary Shares into 5,000,000 shares and 250,000,000 Class B Ordinary Shares into 25,000,000 shares [1][5]. - The effective date for trading on a split-adjusted basis is June 26, 2025, with the new CUSIP number for Class B Ordinary Shares being G13311116 [3]. - The number of issued and outstanding Class A Ordinary Shares will decrease from approximately 6,338,000 to 633,800, and Class B Ordinary Shares from approximately 17,809,074 to 1,780,908 [5]. Group 2: Shareholder and Board Approval - The board of directors approved the reverse share split on May 21, 2025, and it received shareholder approval on June 14, 2025 [2]. Group 3: Company Background and Strategy - Brera Holdings PLC focuses on expanding its global portfolio of sports clubs through a multi-club ownership strategy, building on the legacy of Brera FC [8]. - The company has made strategic acquisitions, including a 90% stake in Fudbalski Klub Akademija Pandev and a majority stake in S.S. Juve Stabia srl, enhancing its multi-club ownership model [11]. - Brera Holdings aims to create opportunities for tournament prizes, sponsorships, and professional consulting services, positioning itself as a leader in the global sports industry [8][11].
Brera Holdings Announces Reverse Share Split to Regain Compliance with Nasdaq's Minimum Bid Price Rule
GlobeNewswire News Room· 2025-06-24 11:00
Core Viewpoint - Brera Holdings PLC announced a 1-for-10 reverse share split to comply with Nasdaq's minimum bid price requirement, consolidating its Class A and Class B Ordinary Shares [1][4]. Group 1: Reverse Share Split Details - The reverse share split will consolidate 50,000,000 Class A Ordinary Shares into 5,000,000 shares and 250,000,000 Class B Ordinary Shares into 25,000,000 shares [1][5]. - The effective date for the reverse share split is June 26, 2025, with trading on a split-adjusted basis commencing on that date [3]. - The new CUSIP number for Class B Ordinary Shares post-split will be G13311116 [3]. Group 2: Shareholder and Board Approval - The board of directors approved the reverse share split on May 21, 2025, and it received shareholder approval on June 14, 2025 [2]. Group 3: Impact on Shares and Equity Awards - The number of issued and outstanding Class A Ordinary Shares will decrease from approximately 6,338,000 to 633,800, and Class B Ordinary Shares from approximately 17,809,074 to 1,780,908 [5]. - The reverse share split will also adjust the number of shares issuable under equity awards, warrants, and convertible preferred shares, increasing the exercise or conversion price per share [5]. Group 4: Company Overview - Brera Holdings PLC focuses on expanding its global portfolio of sports clubs through a multi-club ownership strategy, with a commitment to social impact in football [8]. - The company has made significant acquisitions, including a majority stake in S.S. Juve Stabia, enhancing its multi-club ownership model [11]. - Brera Holdings has expanded into various regions, including Africa and North Macedonia, and has made strategic investments in notable football clubs [9][10].
Brera Holdings Regains Compliance with Nasdaq Listing Rule 5620(a)
Globenewswire· 2025-04-01 20:15
Core Insights - Brera Holdings PLC has received formal notice from Nasdaq confirming compliance with the annual meeting requirement after holding its annual meeting on March 28, 2025, resolving a previous non-compliance issue [1] Company Overview - Brera Holdings PLC is focused on expanding its global portfolio of men's and women's sports clubs through a multi-club ownership approach, building on the legacy of Brera FC, which was acquired in 2022 [2] - The company aims to create opportunities for tournament prizes, sponsorships, and professional consulting services, and organizes the FENIX Trophy, a pan-European tournament recognized by UEFA [2] Recent Developments - In March 2023, Brera expanded into Africa by establishing Brera Tchumene FC in Mozambique, which quickly rose to the First Division [3] - The company acquired a 90% stake in North Macedonian team Fudbalski Klub Akademija Pandev in April 2023, now known as Brera Strumica FC [3] - A strategic investment in Manchester United PLC in June 2023 resulted in a 74% gain [3] - Brera acquired a majority stake in UYBA Volley, an Italian women's volleyball team, in July 2023, and took control of Bayanzurkh Sporting Ilch FC in September 2023, rebranding it as Brera Ilch FC [3] - In June 2024, a joint stock company was established for the North Macedonian women's football club Tiverija Strumica, now known as Brera Tiverija FC [3] Future Plans - On December 31, 2024, Brera signed an agreement to acquire majority ownership of SS Juve Stabia srl, an Italian Serie B football club, marking a significant expansion of the company's multi-club ownership model [4] - As of February 12, 2025, Brera holds a 38.46% equity ownership interest in Juve Stabia [4] - The company emphasizes bottom-up value creation, innovation-driven growth, and socially impactful outcomes in the global sports industry [4]