Nasdaq-listed Solmate (formerly Brera Holdings PLC) announced that its board of directors has approved a formal change of its legal name to Solmate Infrastructure PLC, aiming to transform into an institutional-grade Solana infrastructure provider based in Abu Dhabi. Under the plan, the company will close two underperforming football teams from its existing sports portfolio to reallocate funds to Solana infrastructure development in the UAE. In addition, Solmate proposed a 10-for-1 reverse stock split, increasing the par value of its Class A and Class B ordinary shares from $0.05 to $0.50. This proposal is subject to approval at the shareholders' meeting on April 7. Solmate CEO Marco Santori stated that by focusing capital and corporate identity on Solana, the company is committed to becoming a core player in the region's digital economy. Previously, the project secured $300 million in funding in September 2025 from investors including the Solana Foundation and Ark Invest. (The Block)