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Solmate Receives Nasdaq Delisting Warning, Plans to Request Hearing by End of April
On April 28, Solmate Infrastructure, a Solana treasury company formerly known as Brera Holdings, announced that it received a notification of delisting decision from Nasdaq due to its Class B common stock closing price being below $1 for 30 consecutive trading days, failing to meet the minimum bid price requirement, and facing potential removal from the Nasdaq capital market. The company plans to apply for an independent hearing panel review by April 30. Once the application is submitted, the delisting process will be automatically suspended, allowing the stock to continue trading. Previously, Solmate shareholders approved a 10-for-1 reverse stock split, and the company’s board is advancing the related processes, expecting to meet Nasdaq’s minimum stock price listing standards after completion.