Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 73

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 73
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 and working capital and general corporate purposes. The Underwriting Agreement contained customary representations, warranties and covenants by the Company, customary conditions to closing, indemnification obligations of the Company and the underwriters, including for liabilities under the Securities Act, other obligations of the parties and termination provisions. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates were solely for the benefit of the parties to such agreement and may be subject to limitations agreed upon by the contracting parties. The Company’s officers, directors, and Class A Ordinary Shares shareholders, have agreed, subject to certain exceptions, not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any ordinary shares or other securities convertible into or exercisable or exchangeable for ordinary shares for a period of 12 months without the prior written consent of the Representative. In December 2024, the Company completed two closings of a private placement offering of its securities selling 545,000Series A Preferred Shares at an offering price of US$ 5.00per share for total gross proceeds of US$ 2,725,000or EUR 2,622,967. After deducting the estimated costs for share issuance, the net proceeds totaled US$ 2,501,545or EUR 2,407,879. Each Series A Preferred Share is convertible at the option of the shareholder into eight (8) Class B Ordinary Shares. We have used the net proceeds from this private placement for working capital requirements as well as to fund the initial cash portion of our investment in Juve Stabia. F-36

Shares Issued for Services

During the year ended December 31, 2024, we granted
share awards totaling Class B Ordinary Shares to twelve individuals. On August 30, 2024, we entered into a Termination Agreement
with an individual to whom we had granted a share award for Class B Ordinary Shares. Under the agreement, the Company agreed to
accelerate vesting of of the awarded shares, and the individual agreed to surrender of her awarded shares. As a result,
the outstanding share awards as of December 31, 2024, totaled Class B Ordinary Shares. Share awards totaling shares vested
on the date of grant and share awards totaling shares vest on the first anniversary of the grant date.

During the year ended December 31, 2023, we granted
share awards totaling Class B Ordinary