Company: SLMT
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044434
Chunk: 13

Company: Brera Holdings PLC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 13
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 have a minimum bid price of $1.00 (the “Minimum Bid Price Requirement). The notice provided that we failed to maintain a bid price of $1.00 per share for 30 consecutive business days from May 31, 2024, to July 15, 2024, and will be included on a list of non-compliant companies. The letter stated that we had 180 business days, or until January 13, 2025, to regain compliance by having a closing bid price of at least $1.00 for a minimum of ten consecutive business days. Though we were not successful in regaining compliance, on January 15, 2025, we received formal notice from Nasdaq that Nasdaq has granted our request for a second 180-day period, through July 14, 2025, to evidence compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). We intend to monitor its stock price and to consider all available options to regain compliance with the Rule prior to July 14, 2025, including via implementation of a reverse stock split.

There is no assurance that the Company will be able to meet these requirements. In addition, even if we meet these requirements, there is no assurance that we will be able to continue to meet these or other requirements of the Nasdaq listing rules in order to maintain the listing of the Class B Ordinary Shares.

8

A delisting of the Class B Ordinary Shares from Nasdaq may materially impair our shareholders’ ability to buy and sell the Class B Ordinary Shares and could have an adverse effect on the market price of, and the efficiency of the trading market for, the Class B Ordinary Shares. The delisting of the Class B Ordinary Shares could significantly impair our ability to raise capital and the value of any investment in our securities. If Nasdaq delists the Class B Ordinary Shares, we could face significant material adverse consequences, including:

●   a limited availability of market quotations for the Class B Ordinary Shares;
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●   a reduced level of trading activity in the secondary trading market for the Class B Ordinary Shares;
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●   a limited amount of news and analyst coverage;
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●   a decreased ability to issue additional securities or obtain additional financing in the future;
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●   stamp duty may be chargeable on transfers of Class B Ordinary Shares at a rate of 1% of the greater of
                the price paid or market value of the Class B Ordinary Shares transferred; and