Brera Holdings PLC (NASDAQ: BREA), an international holding company with a focus on a multi-club ownership strategy in global sports, has announced a 1-for-10 reverse share split of its Class A and Class B ordinary shares. This strategic move, set to take effect on June 26, 2025, aims to ensure compliance with Nasdaq's minimum bid price requirement. The reverse split has received the necessary approvals from both the shareholders and the board of directors.
The reverse share split will adjust the number of Class A shares from approximately 6.3 million to about 633,800 and Class B shares from 17.8 million to 1.78 million. Concurrently, the nominal value of each share will increase from $0.005 to $0.05. Shareholders will not be required to take any action as a result of this split, and any fractional shares will be rounded up to the nearest whole share.
This decision underscores Brera Holdings' commitment to maintaining its listing on the Nasdaq Stock Market, a crucial factor for the company's visibility and accessibility to investors. The reverse share split is a common corporate action taken by companies to meet exchange listing requirements, which can have significant implications for investor perception and stock liquidity.
For more details on this announcement, interested parties can view the full press release here.
