Brera Holdings PLC (NASDAQ: BREA) announced its transformation into Solmate, a Solana-based digital asset treasury and crypto infrastructure company, following a $300 million oversubscribed private placement. The PIPE is backed by UAE-based Pulsar Group, with support from the Solana Foundation, RockawayX, and ARK Invest.
Former Kraken Chief Legal Officer Marco Santori will lead as CEO, joined by notable board members including economist Dr. Arthur Laffer and RockawayX CEO Viktor Fischer. The company plans to establish Solana-based infrastructure in the UAE, including bare metal servers in Abu Dhabi for validator operations, while maintaining Brera's existing sports ownership business.
The company has executed a letter of intent with the Solana Foundation for preferential $SOL accumulation pricing and aims to dual-list on Nasdaq and UAE exchanges.
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