Lowenstein Sandler is representing Solmate Infrastructure (NASDAQ: SLMT) in a proposed business combination with RockawayX that would mark the transformation of the company from a passive digital asset treasury to an integrated infrastructure, liquidity, and asset management business.
The parties have entered into a non-binding term sheet, and the transaction is expected to close in the first half of 2026, subject to the execution of final binding documents, customary regulatory and shareholder approvals, and satisfaction of closing conditions,
Solmate Infrastructure, the new operating name of Brera Holdings PLC (NASDAQ: SLMT), is a company building institutional-grade Solana staking, validation, and treasury infrastructure with a strategic focus on Abu Dhabi.
RockawayX is a leading on-chain liquidity provider and market maker, extending the working capital that powers many of DeFi’s most used and most profitable protocols and applications.
In September,Lowenstein represented the sponsor Pulsar Group in the acquisition of Brera Holdings PLC (NASDAQ: BREA) and its rebrand as Solmate following an oversubscribed $300 million private investment in public equity (“PIPE”) offering.
The Lowenstein team includes Ethan L. Silver, Brooke A. Gillar, Daniel L. Forman, Kevin Colan, Perry Laub, Seulbee Lee, Kaitlyn M. Baietto, and Victoria Jin.