On March 11, it was reported that Nasdaq-listed Solmate has proposed a 10-for-1 reverse stock split and plans to change its name to Solmate Infrastructure PLC. This move is intended to support the construction of the Solana hub in the UAE.
The company intends to divest two underperforming football teams from its portfolio. It will retain only the Italian club Juve Stabia, using the resulting funds to enhance the Solana infrastructure in the UAE.
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