SEC Form 6-K filed by Brera Holdings PLC
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2025.
Commission File Number 001-41606
BRERA HOLDINGS PLC
(Translation of registrant’s name into English)
Connaught House, 5th Floor
One Burlington Road
Dublin 4
D04 C5Y6
Ireland
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
First Closing of Series B Preferred Financing Transaction
On May 30, 2025, Brera Holdings PLC, a public limited company incorporated in the Republic of Ireland (the “Company”), completed an initial closing of its Series B Preferred Shares financing, raising gross proceeds of $143,008.20 through the issuance of 26,483 Units at an offering price of $5.40 per share.
The financing, which has been authorized by the Company to raise up to $10.8 million through the sale of up to 2,000,000 units (the “Units”), consisting of (i) one Series B Preferred Share (each, a “Series B Preferred Share”) and (ii) a warrant (the “Warrant”) to purchase a number of Class B Ordinary Shares, $0.005 nominal value per share (the “Class B Ordinary Shares”), equal to ten percent (10%) of the number of Class B Ordinary Shares underlying the Series B Preferred Shares purchased by the investor, with an exercise price of $1.35 per whole Class B Ordinary Share, is being conducted on a “best efforts” basis with Boustead Securities LLC serving as the placement agent. Boustead Securities LLC will be paid a commission equal to seven percent (7%) of the gross amount actually received by the Company in the offering, a non-accountable expense allowance equal to one percent (1%) of the gross amount actually received by the Company in the offering, and which will be issued five-year warrants to acquire a number of Series B Preferred Shares sold in the offering in an amount not to exceed seven percent (7%) of the gross amount actually received by the Company divided by $5.40 (the price per share of the Units paid by investors in the offering), at an exercise price of $5.40, subject to cashless exercise.
The terms of the Series B Preferred Shares include a liquidation preference of $5.40 per share and optional conversion into eight Class B Ordinary Shares per Series B Preferred Share.
The net proceeds from the offering will be used fund ongoing investments in the Company’s Italian professional football team and other sports team, other strategic growth initiatives and for working capital and general corporate purposes. The offering is exempt from registration under Rule 506(b) of Regulation D and Regulation S, and no public market is expected to develop for the Units, Series B Preferred Shares or Warrants. Additional closings may be conducted on a rolling basis until the maximum offering amount is reached or the offering is terminated.
The Subscription Agreement and Certificate of Designation of Series B Preferred Shares and the Warrant are filed as Exhibit 1.1 and Exhibit 1.2 to this report on Form 6-K, respectively, and this description of the Subscription Agreement and Certificate of Designation of Series B Preferred Shares and Warrant are qualified in their entirety by reference to such exhibits.
Exhibit No. | Description | |
1.1 | Subscription Agreement and Certificate of Designation of Series B Preferred Shares | |
1.2 | Form of Warrant |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 4, 2025 | BRERA HOLDINGS PLC | |
By: | /s/ Pierre Galoppi | |
Pierre Galoppi | ||
Chief Executive Officer |
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