Company: SLMT
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001213900-25-112135
Chunk: 19

Company: Brera Holdings PLC
Filing Date: 2025-11-18
Form: 424B5
Chunk 19
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ORS</div>

An investment in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider carefully the risks described below and in the “Risk Factors” contained in the accompanying base prospectus and discussed under the sections captioned “Risk Factors” contained in our most recent Annual Report on Form 20-F, as filed with the SEC, as well as any amendment or updates to our risk factors reflected in subsequent filings with the SEC, including the risk factors described in Exhibit 99.3 to our Report on Form 6-K, filed with the SEC on September 26, 2025, which are incorporated by reference into this prospectus supplement and the accompanying base prospectus in their entirety, together with other information in this prospectus supplement, the accompanying base prospectus, and the information and documents incorporated by reference herein and therein, and in any free writing prospectus that we have authorized for use in connection with this offering. If any of these risks actually occurs, our business, financial condition, results of operations or cash flow could be seriously harmed. This could cause the trading price of the Class B Ordinary Shares to decline, resulting in a loss of all or part of your investment.

Risks Related to This Offering and Ownership of Our Class B Ordinary Shares

If you purchase shares of Class B Ordinary Shares in this offering, you will suffer immediate and substantial dilution of your investment.

The price per share of our Class B Ordinary Shares
in this offering may exceed the net tangible book value per share of our Class B Ordinary Shares outstanding prior to this offering. Therefore,
if you purchase Class B Ordinary Shares in this offering, you may pay a price per share that substantially exceeds our net tangible book
value per share after this offering. Assuming that an aggregate of 12,644,415 Class B Ordinary Shares are sold at a price of $7.79 per
share, the last reported sale price per Class B Ordinary Share on Nasdaq on November 12, 2025, for aggregate proceeds to us of approximately
$98,500,000 after deducting sales commissions and estimated aggregate offering expenses payable by us, you will experience immediate dilution
of $4.07 per share, representing the difference between our pro forma as adjusted net tangible book value per share as of June 30,
2025, after giving effect to this offering and the assumed offering price of $7.79 per share. The exercise of outstanding stock options
and warrants may result in further dilution of your