Company: SLMT
Filing Date: 2025-06-17
Form Type: 424B5
Source: 0001213900-25-055248
Chunk: 16

Company: Brera Holdings PLC
Filing Date: 2025-06-17
Form: 424B5
Chunk 16
---
 that it is not in compliance with the periodic financial report filing requirement set
forth in Nasdaq Listing Rule 5250(c)(1) for continued listing on The Nasdaq Capital Market tier of Nasdaq since the Company had not yet
filed the Form 20-F, and that the Company has 60 calendar days, or until July 15, 2024, to submit a plan to Nasdaq to regain compliance,
and, if Nasdaq accepts the plan, Nasdaq may grant an exception of up to 180 calendar days from the Form 20-F’s due date, or until
November 11, 2024, to regain compliance. On July 19, 2024, the Company received a written notification from Nasdaq that based on the Company’s
July 19, 2024 filing of the Form 20-F the Staff determined that the Company complies with Nasdaq Listing Rule 5250(c)(1) and this matter
is now closed.

On July 16, 2024, the Company received another
written notification from Nasdaq notifying the Company that it is not in compliance with the Bid Price Rule. Based on the closing bid
price of the Class B Ordinary Shares for the 30 consecutive business days from May 31, 2024, to July 15, 2024, the Company no longer met
the minimum bid price requirement.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A),
the Company was provided 180 calendar days from the date of the notification letter, or until January 13, 2025, to regain compliance with
Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s Class B Ordinary Shares must have a closing bid price of at
least $1.00 for a minimum of ten consecutive business days. Though we were not successful in regaining compliance, on January 15, 2025,
we received formal notice from Nasdaq that Nasdaq has granted our request for a second 180-day period, through July 14, 2025, to evidence
compliance with Bid Price Rule.

On February 7, 2025, the Company a written notification
from Nasdaq notifying the Company that it does not satisfy the annual meeting requirement set forth in Nasdaq Listing Rule 5620(a) (the
“Annual Meeting Rule”) as the Company did not hold an annual meeting of shareholders within twelve months of the end of the
Company’s previous fiscal