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

Company: Brera Holdings PLC
Filing Date: 2025-11-18
Form: 424B5
Chunk 25
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5, would have been approximately
$252 million, or approximately $3.09 per share. This amount represents an increase in pro forma net tangible book value of $13.44 per
share to existing shareholders.

After giving further effect to the sale of 12,644,415
Class B Ordinary Shares at an assumed per share offering price of $7.79 (which was the last reported sale price of our Class B Ordinary
Shares on Nasdaq on November 12, 2025 and assuming that the maximum amount of Class B Ordinary Shares are sold under the Sales Agreement
and this prospectus supplement) and the receipt of aggregate proceeds of approximately $98,500,000, and after deducting the sales agent
commissions and our estimated offering expenses payable by us, our pro forma as adjusted net tangible book value as of June 30, 2025,
would have been approximately $350.5 million, or approximately $3.72 per share. This amount represents an increase in pro forma as adjusted
net tangible book value of $0.63 per share to existing shareholders and an immediate dilution in pro forma as adjusted net tangible book
value of $4.07 per share to investors purchasing Class B Ordinary Shares in this offering, as illustrated in the following table.

| Assumed offering price per Class B Ordinary Share                                                                        
 Historical net tangible book value per Class B Ordinary Share as of June 30, 2025                                        |     |   | (10.35 | ) |     |   | 7.79 |
|:-------------------------------------------------------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:--|-----:|
| Increase in net tangible book value per Class B Ordinary Share attributable to the Pro Forma Adjustments described above |     | $ |  13.44 |   |     |   |      |
| Pro forma net tangible book value per Class B Ordinary Share as of June 30, 2025                                         |     | $ |   3.09 |   |     |   |      |
| Increase in pro forma net tangible book value per Class B Ordinary Share attributable to ATM sales                       |     | $ |   0.63 |   |     |   |      |
| Pro forma as adjusted net tangible book value per Class B Ordinary Share as of June 30, 2025                             |     |   |        |   |     | $ | 3.72 |
| Dilution per share to new investors