Company: SLMT
Filing Date: 2025-01-10
Form Type: 6-K
Source: 0001213900-25-002739
Chunk: 2

Company: Brera Holdings PLC
Filing Date: 2025-01-10
Form: 6-K
Chunk 2
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 covenants including those as to due diligence, confidentiality, and representations and warranties of the Company and XX Settembre.

The Restated Agreement is filed as Exhibit 1.1 to this report on Form 6-K, and this description of the Restated Agreement is qualified in its entirety by reference to such exhibit.

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Entry into Cancellation and Exchange Agreement

In addition, on December 31, 2024, Daniel J. McClory,
the Company’s Executive Chairman, entered into a cancellation and exchange agreement (the “Cancellation Agreement”),
pursuant to which he cancelled a total of $255,000 of indebtedness that is owed to him by the Company in exchange for 408,000 Class A
Ordinary Shares.

Nasdaq Listing Compliance

Nasdaq Listing Rule 5550(a)(2) requires issuers
listed on The Nasdaq Capital Market to maintain a minimum closing bid price of $1.00 per share (the “Bid Price Rule”). On
July 16, 2024, the Company was notified that it failed to evidence a closing bid price of at least $1.00 per share for the preceding 30
consecutive business days and, in accordance with the Nasdaq Listing Rules, was granted an initial 180-calendar day period to regain compliance
with the Bid Price Rule. The Company was also notified that, in accordance with Nasdaq Listing Rule 5810(c)(3)(A)(i), the Company could
seek a second 180-day period within which to evidence compliance with the Bid Price Rule if, upon the expiration of the initial compliance
period on January 13, 2025, the Company satisfies certain listing criteria, including the $5,000,000 stockholders’ equity requirement
for initial listing on The Nasdaq Capital Market.

On January 2, 2025, the Company filed its Interim Condensed Consolidated Statements of Financial Position for the six-monthperiod ended June 30, 2024 (the “Interim Results”),
with the U.S. Securities and Exchange Commission. The Interim Results reported stockholders’ equity of €643,974 (approximately
$674,815) as of June 30, 2024; since that date, however, the Company has completed the following transactions, which served to increase
stockholders’ equity:

| ● | In the First Closing and the Second Closing as described above, the Company paid to XX Settembre an