Brera Holdings Closes Oversubscribed $300 Million PIPE Financing to Fund Solana-Focused Strategy, Plans Name Change to Solmate
Reuters
Sep 26
Brera Holdings Closes Oversubscribed $300 Million PIPE Financing to Fund Solana-Focused <a href="https://laohu8.com/S/MSTR">Strategy</a>, Plans Name Change to Solmate
Brera Holdings plc $(BREA)$ has announced the successful closing of a private investment in public equity $(PIPE)$ financing, raising approximately USD $300 million. The PIPE was led by UAE-based technology and blockchain advisory firm Pulsar Group, with participation from RockawayX, Ark Invest, and other prominent UAE investors. The offering was oversubscribed and is intended to support Brera Holdings' strategic shift toward the Solana blockchain ecosystem. As part of this transition, Brera Holdings plans to rebrand as Solmate, with its shares continuing to trade on Nasdaq under a new ticker symbol. Proceeds from the financing will fund the company's digital asset treasury strategy, including the acquisition and staking of Solana's native token ($SOL) and the establishment of advanced Solana staking infrastructure in Abu Dhabi. The initiative aims to generate new revenue streams and support the growth of the Solana ecosystem. Cantor Fitzgerald & Co. served as exclusive financial advisor and placement agent for the transaction.
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