Gate News reports that on March 11, Nasdaq-listed company Solmate (currently legally registered as Brera Holdings PLC) proposed a 10-for-1 reverse stock split and plans to change its legal name to Solmate Infrastructure PLC to advance its plans to build a Solana hub in the UAE. The company also plans to spin off two underperforming football teams from its existing sports investment portfolio, retaining only the Italian club Juve Stabia. The proceeds from the spin-off will be used to expand Solana infrastructure in the UAE.
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