RBCH Ltd. Comments on Solmate’s First-Half 2026 Financial Results
Key Highlights
- ➤Solmate (SLMT) spent $12.0 million versus $3.1 million revenue in H1 2026, excluding credit loss
- ➤SOL per share fell 22% to approximately 0.115 during H1 2026
- ➤Related parties received $4.3 million in fees, charges and share-based awards during H1 2026
- ➤RBCH estimates Solmate’s late filings created approximately $7.2 million in liquidated damages
- ➤RBCH sued Solmate directors over the 2,298,000-share May offering, seeking rescission
NEW YORK, Oct. 26, 2026 (GLOBE NEWSWIRE) -- RBCH Ltd. (“RBCH”), a holder of more than 10% of the shares of Brera Holdings PLC (d/b/a Solmate Infrastructure) (Nasdaq: SLMT) (the “Company” or “Solmate”) and its largest outside shareholder, today commented on the Company’s unaudited condensed consolidated financial statements for the six months ended June 30, 2026, furnished to the Securities and Exchange Commission on September 25, 2026.
After carefully reviewing the H1 2026 financial statements and the financial and operational state of Solmate, RBCH seeks to bring several concerns to the attention of all shareholders. RBCH also believes that the Company’s communications to its investors about its business – how the Company manages its costs, the extent to which Company’s insiders have consolidated effective control over the Company, and how the Company claims to run bare-metal validators with zero commission in the UAE – fall short of adequately and accurately describing the realities reflected in Solmate’s financial statements.
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