Nasdaq-listed Solmate, currently operating under the legal name Brera Holdings PLC with ticker SLMT, announced a major strategic shift to become an institutional-grade Solana infrastructure provider based in Abu Dhabi, United Arab Emirates.
The board has approved proposals to formally change the company’s legal name to Solmate Infrastructure PLC and to implement a 10-for-1 reverse stock split, both pending shareholder approval at a general meeting scheduled for April 7, 2026.
A shift from a soccer management company to crypto infrastructure provider
As part of the realignment, the company will wind down two underperforming soccer teams from its sports portfolio while retaining only its main Italian club, Juve Stabia, with the capital freed from those closures redirected to help in the building of Solana infrastructure, staking, validation, and treasury services in the UAE.
The proposed reverse stock split will consolidate every ten shares into one share, raising the nominal value from $0.05 to $0.50.
The board retains full discretion to abandon the reverse split even after authorization if it chooses, and following any approval, the shares will continue trading on Nasdaq under the existing SLMT ticker.
This announcement represents the latest step in a transformation that started in September 2025 when the company rebranded from its original sports-focused identity and closed an oversubscribed $300 million private investment in public equity backed by the Solana Foundation.
This move was also supported by Cathie Wood’s Ark Invest, RockawayX, and UAE-based Pulsar Group to fund its shift into Solana digital asset treasury and infrastructure activities, including accumulation and staking of SOL tokens together with development of validator infrastructure.
First Solana validator goes live in the UAE
In November 2025, Solmate launched the first bare-metal Solana validator in the UAE, now fully operational and offering partners and the public the ability to stake SOL at 0% commission, marking the first performant Solana block produced in the region and enabling local access to the ecosystem’s yield-generating opportunities.
Solmate CEO Marco Santori stated that by focusing capital and corporate identity on Solana the company is positioning itself at the heart of Abu Dhabi’s infrastructure opportunities. On the day of the announcement, SLMT shares closed down 5.17%, adding to an 82.26% decline over the past six months.
