Company: SLMT
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044434
Chunk: 36

Company: Brera Holdings PLC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 36
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 Ordinary Shares on the Upstream stock exchange, as operated by MERJ Exchange Ltd., and registered in the Seychelles under the Seychelles Securities Act, 2007. The Class B Ordinary Shares are dual listed and traded on Upstream as uncertificated ordinary shares represented by MERJ Depository Interests that are digital in nature, and as such represent the same class and shares of the Class B Ordinary Shares as currently listed and traded under the ticker symbol “BREA” on Nasdaq. The Class B Ordinary Shares will now also trade on Upstream under the ticker symbol “BREA”.

On December 13, 2024, Leonardo Aleotti converted 250,000 Class A Ordinary Shares to 250,000 Class B Ordinary Shares.

On December 31, 2024, Daniel Joseph McClory, our Executive Chairman, entered into cancellation and exchange agreements with the Company, pursuant to which he cancelled a total of $305,000 of indebtedness that was owed to him by the Company in exchange for 488,000 Class A Ordinary Shares.

19

Initial Public Offering

On January 26, 2023, we entered into an underwriting agreement (the “Underwriting Agreement”) with Revere Securities, LLC, as representative of the underwriters named on Schedule 1 thereto (the “Representative”), relating to the Company’s initial public offering (the “Offering”) of 1,500,000 Class B Ordinary Shares (the “Offering Shares”) of the Company, at an Offering price of $5.00 per share (the “Offering Price”). Pursuant to the Underwriting Agreement, in exchange for the Representative’s firm commitment to purchase the Offering Shares, the Company agreed to sell the Offering Shares to the Representative at a purchase price of $4.65 (93% of the public offering price per share). The Company also granted the Representative a 45-day over-allotment option to purchase up to an additional 225,000 Class B Ordinary Shares at the Offering Price, representing fifteen percent (15%) of the Class B Ordinary Shares sold in the Offering, from the Company, less underwriting discounts and commissions and a non-accountable expense allowance.

The Offering Shares commenced trading on the Nasdaq Capital Market under the symbol “BREA.” The closing of the Offering took place on January 31, 2023. After deducting underwriting discounts and commissions and non-accountable expense allowance, the Company received net proceeds of approximately $6,900,000.

The Company