Company: SLMT
Filing Date: 2025-12-04
Form Type: 6-K
Source: 0001213900-25-118086
Chunk: 1

Company: Brera Holdings PLC
Filing Date: 2025-12-04
Form: 6-K
Chunk 1
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 earn-out consideration, such that the maximum combined number of Class B Ordinary Shares potentially issuable in connection
with the Transaction would be approximately 87 million Class B Ordinary Shares.

Under the Term Sheet, the Company would not issue
any Class B Ordinary Shares to the Seller to the extent that any such issuance would result in the Seller (and its affiliates) holding
more than 19.99% of the Company’s issued and outstanding voting shares at the time of issuance (the “Ownership Limitation”).
In lieu of issuing Class B Ordinary Shares in excess of the Ownership Limitation, the Company would issue the excess shares as pre-funded
warrants that would become exercisable in additional amounts at such time(s) as issuance of the underlying Class B Ordinary Shares would
not cause the Seller’s holdings to violate the Ownership Limitation at the time of such additional issuance.

The Term Sheet contemplates that all Class B Ordinary
Shares issued to the Seller in connection with the Transaction, other than the earn-out consideration, will be subject to a one-year lock-up
period, and any earn-out consideration will be subject to a six-month lock-up period. The Seller would receive customary registration
rights in respect of the shares issued in connection with the Transaction.

The Company expects any definitive agreement for
the Transaction to be executed in early 2026 and close in the first half of 2026.

RockawayX is a global digital asset firm operating
across three divisions: 1) infrastructure, 2) liquidity and 3) asset management. RockawayX Infrastructure runs bare-metal hardware blockchain
nodes and validators that the firm owns and operates, and develops bespoke software and hardware solutions for transaction ordering. RockawayX
Liquidity generates yield on-chain by lending capital to DeFi protocols and applications. It also operates market making and solver divisions
that power major cross-chain settlement layers. RockawayX Asset Management invests in early stage infrastructure businesses and DeFi protocols
forming the foundation of the new on-chain financial system. The Transaction is intended to expand the Company’s technology stack,
investment capabilities and market reach in the digital asset ecosystem. Upon the closing of the Transaction, the Seller would have the
right to designate two directors, one of whom must satisfy Nasdaq independence standards. Jakub Havrlant, the CEO and founder of Rockaway
Capital, would join the Company’s board of directors in connection with such right. In addition to these two directors, Viktor Fischer
would be expected to continue to serve as a director