Brera Holdings PLC: Nasdaq Compliance Update Report January 2025

Here are the key insights extracted from the provided financial report section:

1. Company Details:

• Name: Brera Holdings PLC
• Incorporation: Republic of Ireland
• Address: Connaught House, 5th Floor, One Burlington Road, Dublin 4, D04 C5Y6, Ireland.

2. Filing Type:

• This is a Form 6-K, which is a report of a foreign private issuer filed under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.

3. Reporting Period:

• The report is for the month of January 2025.

4. Nasdaq Compliance:

• On January 15, 2025, Brera Holdings PLC received a notice from Nasdaq granting a second 180-day period to comply with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
• The deadline for compliance is now extended to July 14, 2025.

5. Previous Compliance Notification:

• The company was previously notified on July 16, 2024, that it failed to maintain a closing bid price of at least $1.00 per share for 30 consecutive business days, which initiated a 180-day grace period ending January 13, 2025.

6. Compliance Requirements:

• To regain compliance, Brera Holdings must demonstrate a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days by the new deadline of July 14, 2025.
• The company is monitoring its stock price and is considering options to regain compliance, including a potential reverse stock split.

7. Management:

• The report is signed by Pierre Galoppi, Chief Executive Officer of Brera Holdings PLC.

Summary

Brera Holdings PLC is currently under scrutiny from Nasdaq due to its stock price failing to meet the minimum bid requirement. The company has been granted additional time to comply and is exploring measures to achieve this compliance by mid-2025. The management is actively involved in monitoring and strategizing compliance actions.