
Solmate Infrastructure announced an $11.4 million registered direct offering led by chief executive Ron Sade and board member Keren Maimon.
The offering involves the purchase of 2.298 million Class B ordinary shares priced at $4.97 each, representing a premium to the company’s recent trading price, which had been below $4.67.
The transaction is expected to close around May 27, 2026, subject to customary conditions, with proceeds earmarked for Solana treasury operations, validator infrastructure development and general corporate purposes.
Formerly known as Brera Holdings, Solmate rebranded as part of a strategic shift toward becoming a Solana-focused treasury and crypto infrastructure company operating validator and staking services.
The company said its treasury held roughly 1.235 million SOL and approximately $129 million in combined treasury assets, cash and securities as of early 2026.
Solmate’s strategy includes staking SOL, operating bare-metal validators in Abu Dhabi and developing RPC and colocation infrastructure aimed at institutional crypto clients.
The insider-led raise follows Solmate’s oversubscribed $300 million PIPE financing completed in September 2025 with backing from investors including ARK Invest, Solana Foundation and UAE-based Pulsar Group, though the company’s shares remain down roughly 69% year-to-date despite gaining nearly 20% following the latest announcement.
At the time of reporting, Solana price was $86.94.