Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 29

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 29
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 women’s professional volleyball team, UYBA Volley S.s.d.a.r.l (“UYBA”) (the “UYBA Acquisition”). UYBA is located in Milan, Italy and has a strong popularity as a top volleyball club competing in the Italian Serie A professional volleyball league, one of the world’s top leagues. Pursuant to the UYBA Acquisition, we agreed to pay EUR 840,000for the 51% ownership. As part of the UYBA Acquisition, Giuseppe Pirola, UYBA’s chairman and minority shareholder, will continue as chairman of UYBA’s board of directors. We believe that UYBA, with both its volleyball club and deep and talented roster of players, is an ideal strategic fit as we expand our Global Sports Group portfolio. See Note 3 for further information concerning the UYBA Acquisition. Investment in Juve Stabia On December 9, 2024, the Company announced that it had agreed to acquire a majority ownership interest in Italian Serie B football club Juve Stabia through its owner and manager S.S. Juve Stabia S.r.l. (“Juve Stabia” or “the Club”), through share capital and reserve increases in the Club. Our investment will consist of both payments of cash and issuances of our Nasdaq-listed shares in a multi-step process that will ultimately give the Company a total of approximately 52% of the issued and outstanding share capital of Juve Stabia after such acquisition, with the Company owning approximately 22%, 35%, 38%, and 52% of the share capital as a result of each step, respectively. In the first step, on December 31, 2024, we issued 3,200,000Class B Ordinary Shares valued at EUR 2,000,000(approximately US$ 2,087,000) and paid Juve Stabia € 500,000in cash, resulting in approximately 22% ownership of the Club. The Company has also agreed on certain earn out consideration to be paid on a contingent basis, upon and subject to completion of the final closing, by means of issuing up to EUR 5,500,000Class B Ordinary Shares. See Note 4 for further information concerning the investment in Juve Stabia. Initial Public Offering On January 26, 2023, we entered into an underwriting agreement (the “Underwriting Agreement”) with Revere Securities, LLC, as representative of the under