Company: SLMT
Filing Date: 2025-06-17
Form Type: 424B5
Source: 0001213900-25-055248
Chunk: 25

Company: Brera Holdings PLC
Filing Date: 2025-06-17
Form: 424B5
Chunk 25
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,400 Series A Preferred Shares issued and outstanding, excluding
51,198 Series A Preferred Shares issuable upon exercise of warrants, and 41,391 Series B Preferred Shares issued and outstanding, excluding
2,897 Series B Preferred Shares issuable upon exercise of warrants.

Preferred Shares

Under our constitution, we are authorized to issue,
without shareholder approval, up to 50,000,000 preferred shares, issuable in one or more series, and, subject to the provisions of the
Irish Companies Act, having such designations, rights, privileges, restrictions and conditions, including dividend and voting rights,
as our board of directors may determine and as further set out in the constitution, and such rights and privileges, including dividend
and voting rights, may be superior to those of the ordinary shares. The issuance of preferred shares, while providing flexibility in connection
with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring or preventing
a change in control of our company and might adversely affect the market price of our ordinary shares and the voting and other rights
of the holders of ordinary shares.

Our board of directors has designated the Series
A Preferred Shares and the Series B Preferred Shares (together, the “Designated Preferred Shares”). The voting rights of the
Designated Preferred Shares are limited to protective provisions, requiring consent for issuance of senior securities and material adverse
amendments. The Designated Preferred Shares rank senior to our ordinary shares in the event of our liquidation, dissolution or winding-up
or other distribution of our assets among our shareholders and the holders are entitled to receive an amount per share equal to the original
issue price plus any accrued but unpaid dividends before any distribution to the holders of our ordinary shares. The holders of Designated
Preferred Shares are entitled to receive dividends as and when recommended and declared by our board of directors or declared by our shareholders
on a pari passu basis with our ordinary shares according to the number of Class B Ordinary Shares then issuable to such holders upon conversion
of the Designated Preferred Shares. Each Designated Preferred Share is convertible into eight Class B Ordinary Shares at the option of
the holder, subject to adjustment as described in its respective certificate of designation. The Series A Preferred Shares are redeemable
by us, commencing on the first anniversary of the original issue date, at 150% of the original issue price, payable in cash or Class B
Ordinary Shares. The Series B Preferred Shares are not redeemable