Micro Cap Rips Following LOI Announcement - InvestingChannel

Micro Cap Rips Following LOI Announcement

Big news coming from a small company after it was announced that the micro cap signed a latter of intent to acquire an Italian Serie B football club.

This particular company, which is the only publicly traded multi-club ownership company focused on football (soccer), is currently proceeding with confirmatory due diligence and preparation of the Share Purchase Agreement, according to this morning press release.

Shares of Brera Holdings PLC (Nasdaq:BREA) rallied strongly on the news, with shares of the micro cap reaching up to $0.875/share (+19.86%) at the early session high.

Brera Holdings PLC develops, manages, and operates football clubs. The company operates a football club under the Brera FC brand name. Brera Holdings PLC was founded in 2000 and is based in Dublin, Ireland.

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