Brera Holdings PLC (SLMT) Form SCHEDULE 13D/A — Oct 26, 2026
RBCH Ltd., Brera Holdings' largest outside shareholder with an 18.33% stake, filed Amendment No. 6 to its Schedule 13D after fully exercising its pre-funded warrants for approximately $230,555 and publicly attacking the company's H1 2026 financial results. In an accompanying press release, RBCH slams Solmate's cost structure — $12.0 million of costs against just $3.1 million of revenue — along with a 22% six-month decline in SOL per share, $4.3 million of related-party charges exceeding total revenue, and approximately $7.2 million in liquidated damages from late filings that consumed roughly half of the company's $13.1 million cash balance.
Key figures
- H1 2026 costs
- 12000000
- H1 2026 revenue
- 3100000
- Cash june 30 2026
- 13100000
- Rbch shares owned
- 2222222
- Rbch percent owned
- 18.33%
- H1 2026 ga expenses
- 15100000
- Sol per share change
- -22% (0.148 to 0.115)
- Director cash retainer
- 200000
- May 2026 offering price
- 4.97
- May 2026 offering shares
- 2298000
- Kraken staking commission
- 10%
- Sol holdings value june30
- 91000000
- Share count growth h1 2026
- 34%
- Liquidated damages estimate
- 7200000
- Related party charges h1 2026
- 4300000
- Warrant exercise proceeds usd
- 230555
- Forward industries implied price
- 7.19
- Liquidated damages accrued june30
- 4000000
- Strategic advisor 2025 equity comp
- 307000000
AI analysis
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