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, effective June 26, 2025, aims to comply with Nasdaq's minimum bid price requirement, ensuring the company's continued listing on the exchange. The reverse split has received the necessary approvals from both shareholders and the board of directors.
The reverse share split will adjust the number of Class A shares from approximately 6.3 million to 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 need to take any action as a result of this split, and any fractional shares will be rounded up to the nearest whole share.
This development is significant for investors and the market as it reflects Brera Holdings' commitment to maintaining its Nasdaq listing, which is crucial for liquidity and investor confidence. The reverse split could potentially make the stock more attractive to institutional investors and analysts by meeting the exchange's price requirements. For the sports industry, Brera Holdings' strategy of expanding its portfolio of emerging football and other sports clubs underscores the growing intersection between sports management and investment opportunities.
For further details on the reverse share split, interested parties can view the full press release here.
