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Timmy Shen

Solmate plans 10-for-1 reverse stock split and Abu Dhabi Solana hub with football asset wind-down

Nasdaq-listed Solmate, operating as Brera Holdings PLC under ticker SLMT, plans to rename itself Solmate Infrastructure PLC and concentrate on building Solana infrastructure from a base in Abu Dhabi. The firm has proposed a 10-for-1 reverse stock split and intends to wind down two underperforming soccer teams, reallocating capital to its Solana treasury and infrastructure strategy while keeping Italian club Juve Stabia.
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