Solmate Infrastructure (SLMT) said Wednesday its shareholders have approved a 10-for-1 reverse stock split of its class A and B ordinary shares, along with a corporate name change from Brera Holdings.

During a special meeting on Tuesday, shareholders also backed an update to the memorandum of association to support digital asset operations, the company said.

The structural updates are projected to take effect in the coming weeks, while the shares will maintain their current Nasdaq trading symbol, Solmate said.

Board members Arthur Laffer left the board last Thursday and Viktor Fischer resigned on Sunday, the company added.