Monitor for any shareholder approaching the 9.99% ownership threshold, as this could trigger the rights plan and lead to significant stock dilution. Watch for potential activist activity or takeover interest in this small-cap company, as the rights plan is designed to deter unsolicited bids.
Price Chart
Executive Summary
Brera Holdings PLC has adopted a shareholder rights plan, issuing one purchase right for each outstanding ordinary share to shareholders of record on May 5, 2026. The rights, exercisable at $6.00 per share, will become active if an 'Acquiring Person' gains 9.99% or more ownership without board approval, triggering a 'flip-in' provision allowing other shareholders to purchase shares at a 50% discount. The plan expires on April 23, 2027, and the board can redeem the rights at any time before a triggering event.
Key Facts
- Rights issued one-for-one with outstanding ordinary shares, record date May 5, 2026
- Rights become exercisable if an 'Acquiring Person' gains 9.99% beneficial ownership (20% for 13G investors)
- Exercise price is $6.00 per ordinary share
- Upon triggering event, non-acquiring shareholders can buy shares at 50% of market price (flip-in)
- Board can redeem all rights at any time before a triggering event
- Rights expire on April 23, 2027
Financial Impact
No immediate financial impact; potential for significant dilution if triggered, which could negatively impact existing shareholders if an acquisition occurs
Risk Factors
- Potential for significant shareholder dilution if the rights plan is triggered
- May deter potential acquirers, limiting upside for shareholders
- Small market cap ($56M) makes the company more vulnerable to ownership changes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-047606 |
| Document: ea0287612-6k_brera.htm | 0001213900-26-047606 |
| Document: 0001213900-26-047606-index-headers.html | 0001213900-26-047606 |
| Document: 0001213900-26-047606-index.html | 0001213900-26-047606 |
| Document: 0001213900-26-047606.txt | 0001213900-26-047606 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13D/A | $3.20 | awaiting T+60 | — | $3.44 (−7.50%) |
Oct 1, 2026 25d ago | 6-K | $4.33 | awaiting T+60 | — | $3.44 (−20.55%) |
Sep 25, 2026 4w ago | 6-K | $4.39 | awaiting T+60 | — | $3.44 (+21.64%) |
Sep 24, 2026 4w ago | 6-K | $3.76 | awaiting T+60 | — | $3.44 (−8.51%) |
Sep 21, 2026 5w ago | 6-K | $3.99 | awaiting T+60 | — | $3.44 (−13.78%) |
Sep 18, 2026 5w ago | 6-K | $3.99 | awaiting T+60 | — | $3.44 (−13.78%) |
Aug 27, 2026 8w ago | EFFECT | $4.55 | awaiting T+60 | — | $3.44 (−24.40%) |
Aug 20, 2026 9w ago | 6-K | $4.21 | awaiting T+60 | — | $3.44 (−18.29%) |
Aug 19, 2026 9w ago | 6-K | $4.21 | awaiting T+60 | — | $3.44 (−18.29%) |
Aug 11, 2026 10w ago | 6-K | $4.01 | awaiting T+60 | — | $3.44 (−14.21%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers