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Brera Holdings PLC Announces Strategic Shelf Registration to Accelerate Global Football Club Acquisitions
Innovative Use of Capital Markets Positions Nasdaq-Listed Brera as a Pioneer in Multi-Club Ownership DUBLIN, Ireland and MILAN, Italy, Feb. 05, 2024 (GLOBE
About this update from Brera Holdings Plc
[{"type":"text","content":"Innovative Use of Capital Markets Positions Nasdaq-Listed Brera as a Pioneer in Multi-Club Ownership\nDUBLIN, Ireland and MILAN, Italy, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”) (Nasdaq: BREA), which one year ago became the first Italian football team to IPO on Nasdaq in order to bring multi-club ownership to investors worldwide, announces it has filed a Form F-3 shelf registration statement (the “F-3”) with the U.S. Securities and Exchange Commission (“SEC”). In a bold move to fuel its global expansion and acquisition strategy, this proactive step underscores Brera's commitment to leveraging the capital markets to support its vision of acquiring and integrating football teams around the world, enhancing value for its shareholders, and fostering international development of the sport. While Brera's current market capitalization subjects it to the \"baby shelf\" provision, limiting its current capital raising under the F-3, once cleared by the SEC, to one-third of its non-affiliate aggregate worldwide market value, the Company views this as a strategic advantage. This limitation not only ensures a careful, measured approach to fundraising but also highlights Brera's prudent financial management and commitment to sustainable growth. By securing the applied-for $100 million shelf registration, Brera positions itself to act swiftly and decisively as opportunities arise, allowing for immediate and ongoing access to permanent growth capital within the regulatory guidelines. \"Even considering the allowable parameters, we see this as a tremendous opportunity to strategically pace our growth and ensure that each acquisition aligns perfectly with our long-term vision,\" said Pierre Galoppi, CEO of Brera Holdings. The F-3 shelf registration provides the Company with the flexibility to issue securities in the future, based on favorable market conditions, without the need for an immediate SEC clearance for each particular capital raise. This approach allows Brera to minimize dilution for existing shareholders while pursuing its ambitious agenda of expanding its footprint in the global football landscape. As Brera continues to pioneer the concept of multi-club ownership, this shelf registration underlines its commitment to transparency, regulatory compliance, and strategic growth. ABOUT...