The reverse split is a technical compliance measure and does not alter the company's fundamentals. Monitor whether SLMT's stock price sustains above $1 post-split to avoid delisting risk.
Price Chart
Executive Summary
Brera Holdings PLC (SLMT) announced a 1-for-10 reverse share split effective May 14, 2026, to regain compliance with Nasdaq's minimum $1 bid price rule. The split reduces outstanding shares from ~83.9M to ~8.4M and proportionally adjusts equity awards, warrants, and convertible preferred shares. This is a routine compliance action with no fundamental change in business operations or financials.
Key Facts
- 1-for-10 reverse share split approved by board on May 1, 2026, and shareholders on April 7, 2026.
- Effective at market open on May 14, 2026; ticker remains SLMT.
- Outstanding shares reduced from ~83,874,383 to ~8,387,438.
- No fractional shares issued; fractional entitlements aggregated and sold.
- Reverse split intended to regain compliance with Nasdaq Listing Rule 5550(a)(2) minimum bid price of $1.
- Equity awards, warrants, and convertible preferred shares adjusted proportionally with exercise/conversion price increases.
Financial Impact
No financial impact from the reverse split itself; it is a mechanical share consolidation. The company's market capitalization remains unchanged at ~$53M.
Risk Factors
- Failure to maintain bid price above $1 post-split could lead to Nasdaq delisting.
- Reverse splits often create negative sentiment and selling pressure from retail investors.
- No fundamental improvement in business operations or financials is announced.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-054724 |
| Document: ea029020401ex99-1.htm | 0001213900-26-054724 |
| Document: 0001213900-26-054724-index-headers.html | 0001213900-26-054724 |
| Document: 0001213900-26-054724-index.html | 0001213900-26-054724 |
| Document: 0001213900-26-054724.txt | 0001213900-26-054724 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13D/A | $3.20 | awaiting T+60 | — | $3.20 (−0.00%) |
Oct 1, 2026 25d ago | 6-K | $4.33 | awaiting T+60 | — | $3.20 (−26.10%) |
Sep 25, 2026 4w ago | 6-K | $4.39 | awaiting T+60 | — | $3.20 (+27.11%) |
Sep 24, 2026 4w ago | 6-K | $3.76 | awaiting T+60 | — | $3.20 (−14.89%) |
Sep 21, 2026 5w ago | 6-K | $3.99 | awaiting T+60 | — | $3.20 (−19.80%) |
Sep 18, 2026 5w ago | 6-K | $3.99 | awaiting T+60 | — | $3.20 (−19.80%) |
Aug 27, 2026 8w ago | EFFECT | $4.55 | awaiting T+60 | — | $3.20 (−29.67%) |
Aug 20, 2026 9w ago | 6-K | $4.21 | awaiting T+60 | — | $3.20 (−23.99%) |
Aug 19, 2026 9w ago | 6-K | $4.21 | awaiting T+60 | — | $3.20 (−23.99%) |
Aug 11, 2026 10w ago | 6-K | $4.01 | awaiting T+60 | — | $3.20 (−20.20%) |
US Market Status
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