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[6-K] Brera Holdings PLC Current Report (Foreign Issuer)

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(Low)
Filing Sentiment
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Form Type
6-K
Rhea-AI Filing Summary

Brera Holdings PLC (Nasdaq: BREA) disclosed that its Board and shareholders have approved a 1-for-10 reverse share split of both its Class A and Class B ordinary shares.

Effective at 5:00 p.m. ET on 25 June 2025, every ten ordinary shares will be consolidated into one share, increasing the nominal value from $0.005 to $0.05. A new constitution reflecting these changes is filed as Exhibit 1.1.

Post-split share counts will be:

  • Class A: ~6,338,000 � ~633,800
  • Class B: ~17,809,074 � ~1,780,908

Class B shares will continue trading on the Nasdaq Capital Market under the symbol BREA and will begin split-adjusted trading on 26 June 2025 with new CUSIP G13311116.

The action is intended to elevate the bid price above $1.00 and restore compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum $1.00 closing bid for at least 10 consecutive business days.

The reverse split proportionally adjusts outstanding equity awards, warrants and convertible preferred shares, with corresponding increases in exercise or conversion prices. No fractional shares will be issued; any fractional entitlements will be rounded up to the nearest whole share. Equiniti Trust Company, LLC will serve as transfer and exchange agent, and both registered and beneficial holders need not take any action.

This Form 6-K is incorporated by reference into the company’s current Form F-3 and two Form S-8 registration statements. A press release dated 24 June 2025 announcing the reverse split is furnished as Exhibit 99.1.

Brera Holdings PLC (Nasdaq: BREA) ha comunicato che il suo Consiglio di Amministrazione e gli azionisti hanno approvato un raggruppamento azionario inverso 1-per-10 sia per le azioni ordinarie di Classe A che di Classe B.

Con effetto dalle 17:00 ET del 25 giugno 2025, ogni dieci azioni ordinarie saranno consolidate in una sola azione, aumentando il valore nominale da $0,005 a $0,05. Una nuova costituzione che riflette queste modifiche è stata depositata come Allegato 1.1.

Il numero di azioni dopo il raggruppamento sarà:

  • Classe A: ~6.338.000 � ~633.800
  • Classe B: ~17.809.074 � ~1.780.908

Le azioni di Classe B continueranno a essere negoziate sul Nasdaq Capital Market con il simbolo BREA e inizieranno la negoziazione con il prezzo rettificato dal raggruppamento il 26 giugno 2025, con il nuovo CUSIP G13311116.

L’operazione ha lo scopo di portare il prezzo di offerta sopra $1,00 e ristabilire la conformità con la Regola di quotazione Nasdaq 5550(a)(2), che richiede un prezzo di chiusura minimo di $1,00 per almeno 10 giorni lavorativi consecutivi.

Il raggruppamento azionario adegua proporzionalmente i premi azionari in essere, i warrant e le azioni privilegiate convertibili, con conseguenti aumenti dei prezzi di esercizio o conversione. Non saranno emesse frazioni di azioni; eventuali frazioni saranno arrotondate per eccesso alla azione intera più vicina. Equiniti Trust Company, LLC sarà l’agente di trasferimento e scambio, e sia i detentori registrati che quelli beneficiari non dovranno intraprendere alcuna azione.

Questo modulo 6-K è incorporato per riferimento nel modulo F-3 attuale della società e in due registrazioni S-8. Un comunicato stampa datato 24 giugno 2025 che annuncia il raggruppamento è fornito come Allegato 99.1.

Brera Holdings PLC (Nasdaq: BREA) informó que su Junta Directiva y accionistas aprobaron una consolidación inversa de acciones 1 por 10 tanto para sus acciones ordinarias Clase A como Clase B.

Con vigencia a las 5:00 p.m. ET del 25 de junio de 2025, cada diez acciones ordinarias se consolidarán en una sola, aumentando el valor nominal de $0.005 a $0.05. Se ha presentado una nueva constitución que refleja estos cambios como Anexo 1.1.

Los recuentos de acciones después de la consolidación serán:

  • Clase A: ~6,338,000 � ~633,800
  • Clase B: ~17,809,074 � ~1,780,908

Las acciones Clase B continuarán cotizando en el Nasdaq Capital Market bajo el símbolo BREA y comenzarán a cotizar ajustadas por la consolidación el 26 de junio de 2025 con el nuevo CUSIP G13311116.

Esta medida tiene como objetivo elevar el precio de oferta por encima de $1.00 y restaurar el cumplimiento con la Regla de Listado Nasdaq 5550(a)(2), que requiere un precio de oferta mínimo de $1.00 durante al menos 10 días hábiles consecutivos.

La consolidación ajusta proporcionalmente las concesiones de capital pendientes, los warrants y las acciones preferentes convertibles, con aumentos correspondientes en los precios de ejercicio o conversión. No se emitirán acciones fraccionarias; cualquier derecho fraccionario se redondeará al número entero más cercano. Equiniti Trust Company, LLC actuará como agente de transferencia e intercambio, y tanto los titulares registrados como los beneficiarios no necesitan tomar ninguna acción.

Este Formulario 6-K se incorpora por referencia en el Formulario F-3 actual de la compañía y en dos declaraciones de registro Form S-8. Un comunicado de prensa fechado el 24 de junio de 2025 que anuncia la consolidación se presenta como Anexo 99.1.

Brera Holdings PLC (나스�: BREA)� 이사회와 주주들이 클래� A � 클래� B 보통� 모두� 대� 1대 10 역병�� 승인했다� 발표했습니다.

2025� 6� 25� 동부시간 오후 5시부�, 보통� 10주가 1주로 통합되어 액면가가 $0.005에서 $0.05� 증가합니�. 이러� 변� 사항� 반영� � 정관� 부속서 1.1� 제출되었습니�.

역병� � 주식 수는 다음� 같습니다:

  • 클래� A: � 6,338,000� � � 633,800�
  • 클래� B: � 17,809,074� � � 1,780,908�

클래� B 주식은 나스� 캐피� 마켓에서 BREA 심볼� 계속 거래되며, 2025� 6� 26일부� 역병� 조정 가격으� 거래가 시작되며, 새로� CUSIP 번호� G13311116입니�.

이번 조치� 입찰가� $1.00 이상으로 올리� 나스� 상장 규칙 5550(a)(2)� 준수하� 위한 것으�, 최소 10거래� 연속으로 $1.00 이상� 종가� 요구합니�.

역병합은 미결 주식 보상, 워런� � 전환 우선주를 비례적으� 조정하며, 행사 또는 전환 가격도 함께 인상됩니�. 소수� 주식은 발행되지 않으�, 소수� 지분은 가� 가까운 정수 주식으로 올림 처리됩니�. Equiniti Trust Company, LLC가 이전 � 교환 대리인 역할� 하며, 등록 � 실질 보유자는 별도� 조치� 취할 필요가 없습니다.

� Form 6-K� 회사� 현재 Form F-3 � � 건의 Form S-8 등록 서류� 참조� 포함됩니�. 역병합을 발표� 2025� 6� 24일자 보도자료� 부속서 99.1� 제출되었습니�.

Brera Holdings PLC (Nasdaq : BREA) a annoncé que son conseil d'administration et ses actionnaires ont approuvé un regroupement d'actions inversé au ratio de 1 pour 10 pour ses actions ordinaires de Classe A et Classe B.

À compter de 17h00 ET le 25 juin 2025, chaque dix actions ordinaires seront consolidées en une seule, augmentant la valeur nominale de 0,005 $ à 0,05 $. Une nouvelle constitution reflétant ces modifications a été déposée en tant qu'Exhibit 1.1.

Le nombre d'actions après regroupement sera :

  • Classe A : ~6 338 000 � ~633 800
  • Classe B : ~17 809 074 � ~1 780 908

Les actions de Classe B continueront d'être négociées sur le Nasdaq Capital Market sous le symbole BREA et commenceront à être négociées avec le prix ajusté du regroupement le 26 juin 2025 avec le nouveau CUSIP G13311116.

Cette opération vise à porter le prix d'offre au-dessus de 1,00 $ et à rétablir la conformité avec la règle de cotation Nasdaq 5550(a)(2), qui exige un prix de clôture minimum de 1,00 $ pendant au moins 10 jours ouvrables consécutifs.

Le regroupement ajuste proportionnellement les attributions d'actions en circulation, les bons de souscription et les actions privilégiées convertibles, avec des augmentations correspondantes des prix d'exercice ou de conversion. Aucune action fractionnée ne sera émise ; les droits fractionnaires seront arrondis à l'action entière la plus proche. Equiniti Trust Company, LLC agira en tant qu'agent de transfert et d'échange, et les détenteurs enregistrés comme bénéficiaires n'ont aucune démarche à effectuer.

Ce formulaire 6-K est incorporé par référence dans le formulaire F-3 actuel de la société ainsi que dans deux déclarations d'enregistrement Form S-8. Un communiqué de presse daté du 24 juin 2025 annonçant le regroupement est fourni en Exhibit 99.1.

Brera Holdings PLC (Nasdaq: BREA) gab bekannt, dass sein Vorstand und die Aktionäre eine 1-zu-10 Reverse-Aktienzusammenlegung sowohl der Stammaktien Klasse A als auch Klasse B genehmigt haben.

Wirksam ab 17:00 Uhr ET am 25. Juni 2025 werden jeweils zehn Stammaktien zu einer Aktie zusammengefasst, wodurch der Nennwert von $0,005 auf $0,05 steigt. Eine neue Satzung, die diese Änderungen widerspiegelt, wurde als Anlage 1.1 eingereicht.

Die Anzahl der Aktien nach der Zusammenlegung wird wie folgt sein:

  • Klasse A: ~6.338.000 � ~633.800
  • Klasse B: ~17.809.074 � ~1.780.908

Die Klasse-B-Aktien werden weiterhin am Nasdaq Capital Market unter dem Symbol BREA gehandelt und beginnen den Handel mit dem zusammengelegten Kurs am 26. Juni 2025 mit der neuen CUSIP G13311116.

Diese Maßnahme soll den Angebotspreis über $1,00 heben und die Einhaltung der Nasdaq-Listenregel 5550(a)(2) wiederherstellen, die einen Mindest-Schlusskurs von $1,00 für mindestens 10 aufeinanderfolgende Handelstage verlangt.

Die Reverse-Split passt ausstehende Aktienzuteilungen, Warrants und wandelbare Vorzugsaktien proportional an, mit entsprechenden Erhöhungen der Ausübungs- oder Wandlungspreise. Es werden keine Bruchstücke von Aktien ausgegeben; etwaige Bruchteile werden auf die nächsthöhere ganze Aktie aufgerundet. Die Equiniti Trust Company, LLC fungiert als Transfer- und Austauschstelle, und sowohl registrierte als auch wirtschaftliche Inhaber müssen keine Maßnahmen ergreifen.

Dieses Formular 6-K wird durch Verweis in das aktuelle Formular F-3 des Unternehmens sowie in zwei Formulare S-8 aufgenommen. Eine Pressemitteilung vom 24. Juni 2025, die die Reverse-Split ankündigt, wird als Anlage 99.1 bereitgestellt.

Positive
  • Board and shareholder approval secured for a 1-for-10 reverse split, a necessary step to regain compliance with Nasdaq Listing Rule 5550(a)(2).
  • No fractional shares will be issued; any partial entitlements are rounded up, simplifying post-split share administration.
Negative
  • Reverse split necessity signals the share price was below $1.00, highlighting prior non-compliance risk with Nasdaq minimum bid requirements.

Insights

TL;DR: Brera executes 1-for-10 reverse split to regain Nasdaq compliance; neutral to fundamentals, adjusts share count and nominal value.

The filing outlines a straightforward 1-for-10 consolidation of both share classes, reducing outstanding shares to roughly 2.4 million in total. The primary objective is to lift the bid price above the $1.00 threshold mandated by Nasdaq Listing Rule 5550(a)(2). All equity-linked instruments are adjusted proportionally, avoiding dilution. Operationally, no change occurs to business prospects or voting rights, meaning the move is chiefly administrative. Given the absence of financial performance data or strategic shifts, the immediate investment impact is neutral; however, compliance avoids potential delisting, preserving market access and liquidity.

TL;DR: Shareholders approved reverse split and amended constitution; action keeps BREA aligned with exchange rules without altering share class rights.

From a governance standpoint, the company obtained requisite shareholder approval at an extraordinary general meeting and filed an amended constitution, demonstrating adherence to proper corporate procedures. The split’s mechanics respect existing rights—no change to voting ratios or dividend preferences—and prevent fractional share complications by rounding up. Leveraging Equiniti as transfer agent and furnishing details via Form 6-K and press release reflect strong disclosure practices. Overall, the measure is procedural rather than transformative, aimed at maintaining exchange listing integrity.

Brera Holdings PLC (Nasdaq: BREA) ha comunicato che il suo Consiglio di Amministrazione e gli azionisti hanno approvato un raggruppamento azionario inverso 1-per-10 sia per le azioni ordinarie di Classe A che di Classe B.

Con effetto dalle 17:00 ET del 25 giugno 2025, ogni dieci azioni ordinarie saranno consolidate in una sola azione, aumentando il valore nominale da $0,005 a $0,05. Una nuova costituzione che riflette queste modifiche è stata depositata come Allegato 1.1.

Il numero di azioni dopo il raggruppamento sarà:

  • Classe A: ~6.338.000 � ~633.800
  • Classe B: ~17.809.074 � ~1.780.908

Le azioni di Classe B continueranno a essere negoziate sul Nasdaq Capital Market con il simbolo BREA e inizieranno la negoziazione con il prezzo rettificato dal raggruppamento il 26 giugno 2025, con il nuovo CUSIP G13311116.

L’operazione ha lo scopo di portare il prezzo di offerta sopra $1,00 e ristabilire la conformità con la Regola di quotazione Nasdaq 5550(a)(2), che richiede un prezzo di chiusura minimo di $1,00 per almeno 10 giorni lavorativi consecutivi.

Il raggruppamento azionario adegua proporzionalmente i premi azionari in essere, i warrant e le azioni privilegiate convertibili, con conseguenti aumenti dei prezzi di esercizio o conversione. Non saranno emesse frazioni di azioni; eventuali frazioni saranno arrotondate per eccesso alla azione intera più vicina. Equiniti Trust Company, LLC sarà l’agente di trasferimento e scambio, e sia i detentori registrati che quelli beneficiari non dovranno intraprendere alcuna azione.

Questo modulo 6-K è incorporato per riferimento nel modulo F-3 attuale della società e in due registrazioni S-8. Un comunicato stampa datato 24 giugno 2025 che annuncia il raggruppamento è fornito come Allegato 99.1.

Brera Holdings PLC (Nasdaq: BREA) informó que su Junta Directiva y accionistas aprobaron una consolidación inversa de acciones 1 por 10 tanto para sus acciones ordinarias Clase A como Clase B.

Con vigencia a las 5:00 p.m. ET del 25 de junio de 2025, cada diez acciones ordinarias se consolidarán en una sola, aumentando el valor nominal de $0.005 a $0.05. Se ha presentado una nueva constitución que refleja estos cambios como Anexo 1.1.

Los recuentos de acciones después de la consolidación serán:

  • Clase A: ~6,338,000 � ~633,800
  • Clase B: ~17,809,074 � ~1,780,908

Las acciones Clase B continuarán cotizando en el Nasdaq Capital Market bajo el símbolo BREA y comenzarán a cotizar ajustadas por la consolidación el 26 de junio de 2025 con el nuevo CUSIP G13311116.

Esta medida tiene como objetivo elevar el precio de oferta por encima de $1.00 y restaurar el cumplimiento con la Regla de Listado Nasdaq 5550(a)(2), que requiere un precio de oferta mínimo de $1.00 durante al menos 10 días hábiles consecutivos.

La consolidación ajusta proporcionalmente las concesiones de capital pendientes, los warrants y las acciones preferentes convertibles, con aumentos correspondientes en los precios de ejercicio o conversión. No se emitirán acciones fraccionarias; cualquier derecho fraccionario se redondeará al número entero más cercano. Equiniti Trust Company, LLC actuará como agente de transferencia e intercambio, y tanto los titulares registrados como los beneficiarios no necesitan tomar ninguna acción.

Este Formulario 6-K se incorpora por referencia en el Formulario F-3 actual de la compañía y en dos declaraciones de registro Form S-8. Un comunicado de prensa fechado el 24 de junio de 2025 que anuncia la consolidación se presenta como Anexo 99.1.

Brera Holdings PLC (나스�: BREA)� 이사회와 주주들이 클래� A � 클래� B 보통� 모두� 대� 1대 10 역병�� 승인했다� 발표했습니다.

2025� 6� 25� 동부시간 오후 5시부�, 보통� 10주가 1주로 통합되어 액면가가 $0.005에서 $0.05� 증가합니�. 이러� 변� 사항� 반영� � 정관� 부속서 1.1� 제출되었습니�.

역병� � 주식 수는 다음� 같습니다:

  • 클래� A: � 6,338,000� � � 633,800�
  • 클래� B: � 17,809,074� � � 1,780,908�

클래� B 주식은 나스� 캐피� 마켓에서 BREA 심볼� 계속 거래되며, 2025� 6� 26일부� 역병� 조정 가격으� 거래가 시작되며, 새로� CUSIP 번호� G13311116입니�.

이번 조치� 입찰가� $1.00 이상으로 올리� 나스� 상장 규칙 5550(a)(2)� 준수하� 위한 것으�, 최소 10거래� 연속으로 $1.00 이상� 종가� 요구합니�.

역병합은 미결 주식 보상, 워런� � 전환 우선주를 비례적으� 조정하며, 행사 또는 전환 가격도 함께 인상됩니�. 소수� 주식은 발행되지 않으�, 소수� 지분은 가� 가까운 정수 주식으로 올림 처리됩니�. Equiniti Trust Company, LLC가 이전 � 교환 대리인 역할� 하며, 등록 � 실질 보유자는 별도� 조치� 취할 필요가 없습니다.

� Form 6-K� 회사� 현재 Form F-3 � � 건의 Form S-8 등록 서류� 참조� 포함됩니�. 역병합을 발표� 2025� 6� 24일자 보도자료� 부속서 99.1� 제출되었습니�.

Brera Holdings PLC (Nasdaq : BREA) a annoncé que son conseil d'administration et ses actionnaires ont approuvé un regroupement d'actions inversé au ratio de 1 pour 10 pour ses actions ordinaires de Classe A et Classe B.

À compter de 17h00 ET le 25 juin 2025, chaque dix actions ordinaires seront consolidées en une seule, augmentant la valeur nominale de 0,005 $ à 0,05 $. Une nouvelle constitution reflétant ces modifications a été déposée en tant qu'Exhibit 1.1.

Le nombre d'actions après regroupement sera :

  • Classe A : ~6 338 000 � ~633 800
  • Classe B : ~17 809 074 � ~1 780 908

Les actions de Classe B continueront d'être négociées sur le Nasdaq Capital Market sous le symbole BREA et commenceront à être négociées avec le prix ajusté du regroupement le 26 juin 2025 avec le nouveau CUSIP G13311116.

Cette opération vise à porter le prix d'offre au-dessus de 1,00 $ et à rétablir la conformité avec la règle de cotation Nasdaq 5550(a)(2), qui exige un prix de clôture minimum de 1,00 $ pendant au moins 10 jours ouvrables consécutifs.

Le regroupement ajuste proportionnellement les attributions d'actions en circulation, les bons de souscription et les actions privilégiées convertibles, avec des augmentations correspondantes des prix d'exercice ou de conversion. Aucune action fractionnée ne sera émise ; les droits fractionnaires seront arrondis à l'action entière la plus proche. Equiniti Trust Company, LLC agira en tant qu'agent de transfert et d'échange, et les détenteurs enregistrés comme bénéficiaires n'ont aucune démarche à effectuer.

Ce formulaire 6-K est incorporé par référence dans le formulaire F-3 actuel de la société ainsi que dans deux déclarations d'enregistrement Form S-8. Un communiqué de presse daté du 24 juin 2025 annonçant le regroupement est fourni en Exhibit 99.1.

Brera Holdings PLC (Nasdaq: BREA) gab bekannt, dass sein Vorstand und die Aktionäre eine 1-zu-10 Reverse-Aktienzusammenlegung sowohl der Stammaktien Klasse A als auch Klasse B genehmigt haben.

Wirksam ab 17:00 Uhr ET am 25. Juni 2025 werden jeweils zehn Stammaktien zu einer Aktie zusammengefasst, wodurch der Nennwert von $0,005 auf $0,05 steigt. Eine neue Satzung, die diese Änderungen widerspiegelt, wurde als Anlage 1.1 eingereicht.

Die Anzahl der Aktien nach der Zusammenlegung wird wie folgt sein:

  • Klasse A: ~6.338.000 � ~633.800
  • Klasse B: ~17.809.074 � ~1.780.908

Die Klasse-B-Aktien werden weiterhin am Nasdaq Capital Market unter dem Symbol BREA gehandelt und beginnen den Handel mit dem zusammengelegten Kurs am 26. Juni 2025 mit der neuen CUSIP G13311116.

Diese Maßnahme soll den Angebotspreis über $1,00 heben und die Einhaltung der Nasdaq-Listenregel 5550(a)(2) wiederherstellen, die einen Mindest-Schlusskurs von $1,00 für mindestens 10 aufeinanderfolgende Handelstage verlangt.

Die Reverse-Split passt ausstehende Aktienzuteilungen, Warrants und wandelbare Vorzugsaktien proportional an, mit entsprechenden Erhöhungen der Ausübungs- oder Wandlungspreise. Es werden keine Bruchstücke von Aktien ausgegeben; etwaige Bruchteile werden auf die nächsthöhere ganze Aktie aufgerundet. Die Equiniti Trust Company, LLC fungiert als Transfer- und Austauschstelle, und sowohl registrierte als auch wirtschaftliche Inhaber müssen keine Maßnahmen ergreifen.

Dieses Formular 6-K wird durch Verweis in das aktuelle Formular F-3 des Unternehmens sowie in zwei Formulare S-8 aufgenommen. Eine Pressemitteilung vom 24. Juni 2025, die die Reverse-Split ankündigt, wird als Anlage 99.1 bereitgestellt.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 6-K 

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of June, 2025.

 

Commission File Number 001-41606

 

 

 

BRERA HOLDINGS PLC

(Translation of registrant’s name into English)

 

 

 

Connaught House, 5th Floor

One Burlington Road

Dublin 4

D04 C5Y6

Ireland

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F x        Form 40-F o

 

 

 

 

 

 

Reverse Share Split

 

On May 21, 2025, the board of directors (the “Board”) of Brera Holdings PLC, a public limited company incorporated in the Republic of Ireland (the “Company”), approved a 1-for-10 reverse share split (the “Reverse Share Split”) of the Company’s ordinary shares, wherein the 50,000,000 Class A Ordinary Shares of nominal value $0.005 each will be consolidated on a 1-for-10 basis into 5,000,000 Class A Ordinary Shares of nominal value $0.05 each and the 250,000,000 Class B Ordinary Shares of nominal value $0.005 each will be consolidated on a 1-for-10 basis into 25,000,000 Class B Ordinary Shares of nominal value $0.05 each. The Company obtained shareholder approval for the Reverse Share Split at an extraordinary general meeting on June 14, 2025.

 

The Company’s Class B Ordinary Shares will continue to trade on The Nasdaq Capital Market tier of The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “BREA” and will begin trading on a split-adjusted basis when the market opens on Thursday, June 26, 2025. The new CUSIP number for the Company’s Class B Ordinary Shares following the Reverse Share Split will be G13311116.

 

The Company is effectuating the Reverse Share Split in order to raise the minimum bid price of the Company’s Class B Ordinary Shares above $1.00 per share in an effort to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the bid price for the Company’s Class B Ordinary Shares must close at $1.00 per share or more for a minimum of 10, but generally not more than 20, consecutive business days.

 

The Reverse Share Split will adjust the number of issued and outstanding Class A Ordinary Shares from approximately 6,338,000 shares to approximately 633,800 shares and the number of issued and outstanding Class B Ordinary Shares from approximately 17,809,074 shares to approximately 1,780,908 shares (subject to adjustment due to the effect of rounding up fractional shares into whole shares). Every 10 issued and outstanding ordinary shares of the Company as of the effective time will be consolidated into one ordinary share. In addition, the Reverse Share Split will effect a reduction in the number of shares issuable pursuant to the Company’s equity awards, warrants, and convertible preferred shares outstanding as of the effective time of the Reverse Share Split with a corresponding increase in the exercise or conversion price per share.

 

In connection with the Reverse Share Split, the Company will adopt a new constitution to reflect the adjustment of the number of authorized ordinary shares and the nominal value of the ordinary shares, which will be effective at 5:00 p.m. Eastern Time on June 25, 2025 (the “Amended Constitution”). The other terms of the Company’s ordinary shares are not affected by the Reverse Share Split. The Amended Constitution is filed as Exhibit 1.1 to this report on Form 6-K, and this description of the Amended Constitution is qualified in its entirety by reference to such exhibit.

 

No fractional shares will be issued in connection with the Reverse Share Split. Fractional shares resulting from the Reverse Share Split will be rounded up to the nearest whole share. Equiniti Trust Company, LLC is acting as transfer and exchange agent for the Reverse Share Split. Registered shareholders are not required to take any action to receive post-Reverse Share Split shares. Shareholders who are holding their shares in electronic form at brokerage firms need not take any action as the effect of the Reverse Share Split will automatically be reflected in their brokerage accounts.

 

This report on Form 6-K is incorporated by reference into the Company’s registration statements on Form F-3 (File No. 333-276870) and Form S-8 (File No. 333-269535 and File No. 333-287999).

 

On June 24, 2025, the Company issued a press release announcing the Reverse Share Split. A copy of the press release is attached as Exhibit 99.1 to this report on Form 6-K.

 

Exhibit No.   Description
1.1   Constitution of Brera Holdings PLC
99.1   Press Release dated June 24, 2025

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 24, 2025 BRERA HOLDINGS PLC
     
  By: /s/ Pietro Bersani
  Pietro Bersani
  Chief Executive Officer and Chief Financial Officer

 

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FAQ

Why is Brera Holdings (BREA) executing a 1-for-10 reverse split?

To raise its Class B share bid price above $1.00 and regain compliance with Nasdaq Listing Rule 5550(a)(2).

When will BREA begin trading on a split-adjusted basis?

26 June 2025, when the market opens on Nasdaq.

How many Brera ordinary shares will be outstanding after the reverse split?

Approximately 633,800 Class A shares and 1,780,908 Class B shares, subject to rounding.

Will shareholders receive fractional shares from BREA’s reverse split?

No. Fractional interests will be rounded up to the nearest whole share.

What Nasdaq rule is Brera Holdings addressing with this action?

Nasdaq Listing Rule 5550(a)(2), requiring a minimum $1.00 closing bid price.

Do shareholders need to take any action regarding the reverse split?

No. The effect will automatically appear in registered accounts and brokerage holdings.
BRERA HOLDINGS PLC

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