Lowenstein Represents Sponsors in Acquisition of Nasdaq-Listed Brera Holdings and Rebrand as Solmate Following Oversubscribed $300M PIPE Deal

Lowenstein Sandler represented the Sponsors in their acquisition of Brera Holdings PLC (NASDAQ: BREA) and its rebrand as Solmate, a Solana-based digital asset treasury ("DAT") and crypto infrastructure company, following an oversubscribed $300 million private investment in public equity ("PIPE") offering.

The PIPE was sponsored by Pulsar Group, the UAE-based technology and blockchain advisory firm, with backing secured from the Solana Foundation, RockawayX, and traditional investment firms like ARK Invest. Marco Santori, former Kraken Chief Legal Officer, will become Solmate's Chief Executive Officer.

Solana is recognized as the fastest-growing blockchain in the world, processing more transactions and generating more on-chain revenue than all other blockchains combined. Natively yield-generating, unlike BTC, the Solana network is forecast to outgrow the Bitcoin and Ethereum networks in the next three years as it continues to add more new developers than any other chain every month.

Solmate will continue to operate Brera Holdings' existing multi-club sports ownership business.

The Lowenstein team included Ethan L. Silver, Daniel L. Forman, Brooke A. Gillar, Kevin Colan, Perry Laub, Christopher M. Cozzens, Victoria Jin, and Harrison S. Platt.