Company: SLMT
Filing Date: 2025-06-17
Form Type: 424B5
Source: 0001213900-25-055248
Chunk: 20

Company: Brera Holdings PLC
Filing Date: 2025-06-17
Form: 424B5
Chunk 20
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. You will rely on the judgment of our management with
only limited information about their specific intentions regarding the use of proceeds. We may spend most of the net proceeds of this
offering in ways which you may not agree with. If we fail to apply these funds effectively, our business, results of operations and financial
condition may be materially and adversely affected.

A large number of Class B Ordinary Shares may be sold in the market following this offering, which may significantly depress the market price of our Class B Ordinary Shares.

The Class B Ordinary Shares sold in the offering
will be freely tradable without restriction or further registration under the Securities Act. As a result, a substantial number of our
Class B Ordinary Shares may be sold in the public market following this offering. Sales of a significant number of our Class B Ordinary
Shares in the public market after this offering, or the perception that such sales may occur, could adversely affect the market price
of our shares.

The market price of our Class B Ordinary Shares has been volatile, and this volatility may continue, potentially leading to a depressed value at the time you wish to sell your holdings.

The U.S. stock market has experienced instances
of extreme price increases followed by rapid declines, especially in 2022, with share price fluctuations that appeared unrelated to the
issuers’ performance after their initial public offerings. This trend has been particularly noticeable among companies with relatively
smaller public floats. We have a small public float due to the limited size of our initial public offering in January 2023 and the concentration
of ownership in our principal shareholders. As a small cap company with a limited public float, the market price of our Class B Ordinary
Shares has been volatile, and such volatility may persist.

From January 27, 2023, through June 13, 2025,
the closing price of our Class B Ordinary Shares on the Nasdaq Capital Market has ranged from a high of $4.82 to a low of $0.5258. While
the specific causes of this volatility remain unclear, our small public float could magnify the impact of actions by a few shareholders,
causing the share price to deviate, potentially significantly, from a price that better reflects the underlying performance of our business.
This extreme volatility may confuse public investors about the true value of our shares, distort market perceptions of our financial performance
and public image, and negatively affect the long-term liquidity of our Class B Ordinary Shares, regardless of our actual or expected operating
results. If the