Solmate files lawsuit against RockawayX CEO over fraud allegations tied to $200 million deal

Brera Holdings PLC, which operates as Solmate Infrastructure and trades on NASDAQ under the ticker SLMT, filed a lawsuit against RockawayX and its CEO Viktor Fischer in Delaware Superior Court. The complaint, made public on June 4, 2026, alleges fraud and intentional interference related to a proposed acquisition that Brera says was built on misleading financial representations.

A $200 million proposal that fell apart fast

The story starts in late 2025, when both companies announced a non-binding term sheet on December 4 to combine their operations. The deal was framed as a marriage of complementary strengths, with the combined entity poised to manage over $2 billion in assets under management.

By February 9, 2026, the acquisition agreement was terminated. Brera opted instead for what it described as a “more efficient strategic partnership arrangement.”

According to Brera’s lawsuit, the acquisition proposal was designed to extract approximately $200 million based on inflated financial figures provided by Fischer and RockawayX. The lawsuit specifically targets both the firm and Fischer personally, alleging fraud and intentional interference.

Fischer’s entity fires back with its own lawsuit

Viktor Fischer is also connected to RBCH Ltd., an entity that currently holds approximately 22.74% of Brera’s shares. That stake came from a $50 million investment in a PIPE financing round back in September 2025.

RBCH has filed its own derivative lawsuit in New York, targeting Solmate’s board directly. The allegations include self-dealing, fiduciary breaches, insider trading concerns, and questionable compensation structures.

Solmate has an annual general meeting scheduled for June 26, 2026.

The SOL token elephant in the room

Solmate reportedly holds between 1.2 million and 2 million SOL tokens. Yet Solmate’s shares have recently traded at roughly a 50% discount to their net asset value.

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