Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 61

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 61
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 Upon final review of the IFRS financial statements, it was determined that this amount should have been recognized as leasehold improvements within tangible assets. As a result, the Brand intangible asset was reduced by €837,147, and tangible assets were increased by the same amount to properly reflect the capitalization of leasehold improvements. Book value was used as a reasonable proxy for fair value, consistent with IFRS 3 guidance for immaterial acquisitions where a full valuation would not materially alter the results. |

F-29 Accounting Policy Choice for Non-Controlling Interests The Company recognizes non-controlling interests in an acquired entity either at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net identifiable assets. This decision is made on an acquisition-by-acquisition basis. For the non-controlling interests in UYBA, the Company elected to recognize the non-controlling interests at its proportionate share of the acquired net identifiable assets. See Note 2 Business Combinationsfor the Company’s accounting policies for business combinations. The fair values of net tangible assets and intangible assets acquired are based upon preliminary valuations and the Company’s estimates and assumptions are subject to change within the measurement period (potentially up to one year from the acquisition date).

Note 4 – Investment in Juve Stabia

On December 9, 2024, the Company announced that
it had agreed to acquire a majority ownership interest in Juve Stabia, through share capital and reserve increases in the Club. Our investment
will consist of both payments of cash and issuances of our Nasdaq-listed shares in a multi-step process that will ultimately give the
Company a total of approximately % of the issued and outstanding share capital of Juve Stabia after such acquisition, with the Company
owning approximately %, %, %, and % of the share capital as a result of each step, respectively. In the first step, on December
31, 2024, paid EUR in cash and issued Class B Ordinary Shares valued at EUR (approximately US$). In
the second step, on January 10, 2025, we issued an additional Class B Ordinary Shares valued at EUR (approximately
US$) and paid an additional EUR in cash. In the third step, on February 11, 2025, the Company paid EUR and did
not issue any Class B Ordinary Shares. The fourth step in this transaction was scheduled for March 31, 2025, but has not