Nasdaq-listed Solmate proposes reverse stock split to build Solana hub in UAE
Nasdaq-listed Solmate plans a 10-for-1 reverse stock split to fund its strategic pivot to becoming a Solana infrastructure hub in the UAE.Summary
Solmate Infrastructure (formerly Brera Holdings PLC, trading as SLMT on Nasdaq) is formally repositioning itself to become an institutional-grade Solana infrastructure provider based in Abu Dhabi, UAE. To support this strategic shift, the company's board approved a proposal for a 10-for-1 reverse stock split, which would increase the nominal share value from $0.05 to $0.5, pending shareholder approval on April 7. The capital freed from streamlining non-core assets, including winding down two underperforming soccer teams, will be redirected toward expanding Solana infrastructure. This move follows a September 2025 private investment that secured $300 million, backed by entities including the Solana Foundation and Ark Invest, to launch Solmate as a Solana-focused digital asset treasury. CEO Marco Santori stated the focus positions the company to be central to the region's growing digital economy.
(Source：The Block)