BREA - Why Brera Holdings Stock Is Shooting Up | Benzinga
Brera Holdings PLC (NASDAQ:BREA) shares are trading higher Thursday after the company announced its executive chairman, Daniel McClory, acquired a majority stake in the company.
The Details:
McClory acquired 4,550,000 Class A Ordinary Shares, for a total holding of 6,850,000 Class A Ordinary Shares, cementing a 54.5% ownership position and securities entitling him to 83.7% of the total votes of the company.
“I believe that this strategic move underscores the robust confidence Mr. McClory places in Brera’s potential and heralds in a new era of international focus and expansion beyond the Company’s Italian roots,” stated Pierre Galoppi, Brera’s CEO.
Brera also announced it has added Massimo Ferragamo, chairman of Ferragamo USA, Inc., to its newly formed Advisory Board.
“In addition to leading one of the most famous global luxury fashion houses, with his family, Massimo Ferragamo’s name is synonymous with elevated lifestyle, so his ...