- **Brera Holdings PLC** (Nasdaq: BREA) successfully closed a **~USD $300 million private investment in public equity (PIPE) financing** on September 23, 2025, sponsored by UAE-based Pulsar Group with backers including RockawayX, Ark Invest, and UAE investors.  **[1939965_0001213900-25-091823_ea025853201ex99-1_brera.htm:0]** 
- The company intends to change its name to **Solmate** and its Nasdaq ticker symbol to reflect a new focus on the Solana ecosystem.  **[1939965_0001213900-25-091823_ea025853201ex99-1_brera.htm:0]** 
- Proceeds from the PIPE financing will be used to fund a **digital asset treasury (DAT) strategy** involving the acquisition and staking of **$SOL**, the native token of the Solana blockchain, and to develop revenue-generating crypto infrastructure projects in the UAE.  **[1939965_0001213900-25-091823_ea025853201ex99-1_brera.htm:0]** 
- Effective September 23, 2025, **Marco Santori was appointed Chief Executive Officer and Director**, with an annual salary of **$650,000**, a **$1,000,000 signing bonus**, and a **$15,000,000 equity grant**.  **[1939965_0001213900-25-091823_ea0258532-6k_brera.htm:5]**  Dr. Fabio Scacciavillani resigned as CEO and from the Board but continues as CFO, and several new directors were appointed to the Board.  **[1939965_0001213900-25-091823_ea0258532-6k_brera.htm:4]** 
- As of the document date, the company holds **over 7 million SOL**, including staking rewards.  **[1939965_0001213900-25-091823_ea025853201ex99-3_brera.htm:0]**

Brera Holdings PLC Closes $300 Million PIPE Financing and Announces Strategic Shift

- **Brera Holdings PLC** (NASDAQ: BREA) will transform into **Solmate**, a Solana-based digital asset treasury (DAT) and crypto infrastructure company.  **[1939965_0001213900-25-088821_ea025785001ex99-1_brera.htm:0]** 
- This transformation is supported by an **oversubscribed $300 million private investment in public equity (PIPE)** offering.  **[1939965_0001213900-25-088821_ea025785001ex99-1_brera.htm:0]** 
- The PIPE is sponsored by **UAE-based Pulsar Group** and includes commitments from investors such as **Ark Invest** and RockawayX.  **[1939965_0001213900-25-088821_ea025785001ex99-1_brera.htm:0]** 
- **Marco Santori** will become Solmate's CEO, and the company plans to drive shareholder value through the **accumulation and staking of $SOL**.  **[1939965_0001213900-25-088821_ea025785001ex99-1_brera.htm:0]** 
- Solmate aims to help establish the **UAE as the capital of the Solana ecosystem** and will continue to operate Brera Holdings’ existing multi-club sports ownership business.  **[1939965_0001213900-25-088821_ea025785001ex99-1_brera.htm:0]**

Brera Holdings PLC announces transformation to Solmate with $300 million PIPE

- Brera Holdings PLC has scheduled an extraordinary general meeting for **September 16, 2025**, to address three key proposals.  **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:0]** **[1939965_0001213900-25-082682_ea0255101-6k_brera.htm:0]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:1]** 
- The first proposal, the **Amendment Resolution**, seeks to adopt a new Company Constitution, which includes updating the authorized share capital and amending the Class A to Class B share conversion ratio to **1:5**.  **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:0]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:1]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:4]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:11]** 
- Shareholders will vote on **Proposal No. 2** to significantly increase the authorized share capital from **$1,750,000** to **$501,750,000** through the creation of **10,000,000,000 new Class B Ordinary Shares**.  **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:0]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:1]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:4]** 
- The third proposal, **Proposal No. 3**, requests approval to increase the pool of shares available for the 2022 Equity Incentive Plan by an additional **5,000,000 Class B Ordinary Shares**.  **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:0]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:1]** **[1939965_0001213900-25-082682_ea025510101ex99-1_brera.htm:5]**

Brera Holdings (BREA)