Solmate Infrastructure, listed on Nasdaq, announced plans to build a Solana infrastructure hub in Abu Dhabi as part of a major corporate restructuring and capital overhaul.
The company will also change its legal name from Brera Holdings PLC to Solmate Infrastructure PLC, though its Nasdaq ticker SLMT will stay the same. The move aligns the company’s legal structure and identity with its blockchain-focused strategy, positioning it as an institutional-grade provider of Solana infrastructure in the UAE.
CEO Marco Santori said, “This transformation is the culmination of Brera’s strategic shift toward infrastructure opportunities we see in Abu Dhabi. By focusing our capital and corporate identity on Solana, we are positioning ourselves to be a central player in the region’s rapidly expanding digital economy.”
The company previously shifted its strategy in September, adding a Solana-focused digital asset treasury and infrastructure business alongside its soccer operations, supported by a $300 million private investment from ARK Invest, RockawayX, and the Solana Foundation. Plans included accumulating SOL, building validator infrastructure, and staking operations in Abu Dhabi.
As part of the restructuring, Solmate will wind down two underperforming soccer teams, keeping only its flagship Juve Stabia, and use the freed-up capital to expand its UAE Solana infrastructure.
Additionally, the company has proposed a 10-for-1 reverse stock split, pending shareholder approval. This would consolidate every 10 shares into 1, raising the nominal value from $0.05 to $0.50, helping the stock fall within a more conventional trading range for institutional investors.
