Company: SLMT
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001213900-25-112135
Chunk: 26

Company: Brera Holdings PLC
Filing Date: 2025-11-18
Form: 424B5
Chunk 26
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 purchasing Class B Ordinary Shares in this offering                                  |     |   |        |   |     | $ | 4.07 |

The proforma as adjusted net tangible book value
per Class B Ordinary Share as of June 30, 2025 and the dilution per share to new investors purchasing Class B Ordinary Shares in this
offering is based on 1,825,921 Class B Ordinary Shares outstanding as of June 30, 2025, and excludes, as of such date:

| ● | 10,500 Class B Ordinary Shares issuable upon exercise of warrants outstanding held by the representative of the underwriters in the Company’s initial public offering, at a weighted-average exercise price of $50.00 per share; and |

| ● | 10,745 Class B Ordinary Shares issuable upon exercise of warrants outstanding held by the Company’s legacy shareholders, at a weighted-average exercise price of $13.50 per share. |
| ● | 16,000 Class B Ordinary Shares issuable upon conversion of shares of Series A preferred stock outstanding, at a weighted-average conversion price of $6.25 per share; and          |
| ● | 5,000,000 Class B Ordinary Shares reserved for future issuance under our 2022 Equity Incentive Plan, as amended.                                                                   |

Unless otherwise stated, outstanding share information throughout this
prospectus supplement excludes such outstanding securities and assumes no exercise, conversion or vesting, as applicable, of the outstanding
securities described above.

The pro forma and pro forma as adjusted information discussed above
is illustrative only. Our net tangible book value following the completion of this offering is subject to further adjustment based on
the actual offering price of the Class B Ordinary Shares and the number of Class B Ordinary Shares sold.

To the extent that outstanding securities are exercised, converted
or vested, as applicable, you may experience further dilution. In addition, we may choose to raise additional capital due to market conditions
or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. To the extent that
we raise additional capital by issuing equity, your ownership will be further diluted.

<div align='center'>S-14

DESCRIPTION OF SHARE CAPITAL</div>

The description of our authorized share capital
and our outstanding securities as of the date of the filing of our Annual Report on Form 20-F for the year ended December 31, 2024 (the
“2024 Annual Report”) is incorporated by reference to Exhibit