Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 77

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 77
---
4            |
|:---------------------------|:----------------|
| Expected term in years     | 5.0 years       |
| Risk-free interest rate    | 4.44% to 4.45 % |
| Annual expected volatility | 141% to 144 %   |
| Dividend yield             | 0.0 %           |

Expected term in years: The term is
based on the remaining contractual term of the warrant.

Risk-free interest rate: We use the
risk-free interest rate of a U.S. Treasury Bill with a similar term on the date of the warrant valuation grant.

Volatility:We estimate the expected
volatility of the share price based on the corresponding volatility of our historical share price.

Dividend yield: We use a % expected
dividend yield as we have not paid dividends to date and do not anticipate declaring dividends in the near future.

F-38

Activity related to the warrants is as follows:

|                                              |     |  Shares |     | Weighted 
 Average  
 Exercise 
 Price    |      |     | Weighted      
 Average       
 Remaining     
 Contractual   
 Life in Years |     |     | Aggregate 
 Intrinsic 
 Value     |     |      |
| Outstanding, December 31, 2022               |     | 105,350 |     | US$      | 1.00 |     |               |     |     |           |     |      |
| Granted during year ended December 31, 2023  |     | 105,000 |     | US$      | 5.00 |     |               |     |     |           |     |      |
| Outstanding, December 31, 2023               |     | 210,350 |     | US$      | 3.00 |     |               |     |     |           |     |      |
| Granted during year ended December 31, 2024  |     |  38,150 |     | US$      | 5.00 |     |               |     |     |           |     |      |
| Outstanding, December 31, 2024 (no activity) |     | 248,500 |     | US$      | 3.00 |     |               |     |     |           |     |      |
| Exercisable December 31, 2024                |     | 248,500 |     | US$      | 3.30 |     |               | 3