Company: SLMT
Filing Date: 2025-06-17
Form Type: 424B5
Source: 0001213900-25-055248
Chunk: 18

Company: Brera Holdings PLC
Filing Date: 2025-06-17
Form: 424B5
Chunk 18
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, i.e., dilution, which may cause the market price of our ordinary shares to decline. We cannot predict the effect,
if any, of future issuances, conversions, or exercises of our securities, on the price of our ordinary shares. In all events, future issuances
of our ordinary shares would result in the dilution of your holdings. In addition, the perception that new issuances of our securities
are likely to occur, or the perception that holders of securities convertible or exercisable for ordinary shares are likely to sell their
securities, could adversely affect the market price of our ordinary shares. The effect of such dilution may be magnified as to all shares
that are not or may eventually not be subject to restrictions on resale as enumerated below.

As of the date of this prospectus supplement,
731,400 Series A Preferred Shares are outstanding and 26,483 Series B Preferred Shares are outstanding. Each Series A Preferred Share
and each Series B Preferred Share is convertible into eight Class B Ordinary Shares at the option of the holder, subject to adjustment
as described in the certificate of designation. As a result, 5,851,200 Class B Ordinary Shares would be required to be issued upon conversion
of the outstanding Series A Preferred Shares and Series B Preferred Shares. As a result, there may be significant dilution to our shareholders’
ownership, voting power and right to participate in dividends or other payments from future earnings, if any, in connection with the conversion
of the Series A Preferred Shares and Series B Preferred Shares, which may cause a decline in the market price of our ordinary shares.
Moreover, the Company is required to register the resale of the Class B Ordinary Shares that are issuable upon conversion of the Series
A Preferred Shares and Series B Preferred Shares, which will allow such shares to be resold immediately into the public market without
restriction, which may also adversely affect the market price of our ordinary shares. A decline in our market price could also impair
our ability to raise funds in additional equity or debt financings.

Additionally, our employees, executive officers,
and directors may enter into Rule 10b5-1 trading plans providing for sales of our ordinary shares from time to time. Under a Rule 10b5-1
trading plan, a broker executes trades pursuant to parameters established by the employee, director, or officer when entering into the
plan, without further direction from the employee, officer, or director. A Rule 10b5-1 trading plan may