[Solana Treasury Company Solmate Receives Nasdaq Delisting Warning, Plans to Apply for Hearing Before End of April] According to a report by Golden Finance, on April 28, Nasdaq-listed Solana Treasury Company Solmate Infrastructure (formerly Brera Holdings) announced that it had received a delisting notice from Nasdaq. The decision was made because its Class B common stock had a closing price below $1 for 30 consecutive trading days, failing to meet the minimum bid price requirement and facing removal from the Nasdaq Capital Market. It is reported that the company plans to apply to Nasdaq for a review by an independent hearing panel before April 30. Once the application is submitted, the delisting process will be automatically suspended, and the stock can continue to be traded. Previously, Solmate shareholders had approved a 10-to-1 reverse stock split plan, and the company's board of directors is advancing the related procedures. Upon completion, it is expected to meet Nasdaq's minimum stock price listing standards again.