Brera Holdings PLC (NASDAQ: BREA) has announced a 1-for-10 reverse share split of its Class A and Class B ordinary shares, effective June 26, 2025, to meet Nasdaq's minimum bid price requirement. This adjustment will reduce 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, with the nominal value per share increasing from $0.005 to $0.05.
Shareholders are not required to take any action, as fractional shares will be rounded up to the nearest whole share. This move is part of Brera Holdings' strategy to ensure compliance with Nasdaq's listing standards and to further its ambitions in the global sports industry, including expanding its portfolio of football and other sports clubs.
The company's focus on regulatory compliance and strategic financial management highlights its commitment to long-term success in the competitive sports and entertainment sector. For more information, the full press release is available here.
