Solmate's largest external shareholder, RBCH, sues the company's board of directors, accusing them of breach of fiduciary duty and self-dealing.

Digital asset treasury company Solmate Infrastructure (SLMT)'s largest external shareholder, RBCH, has filed a lawsuit in the New York Supreme Court against the company's current executives and directors, accusing them of breach of fiduciary duty, making misleading statements, and self-dealing. RBCH holds approximately 22.74% of Solmate's parent company, Brera Holdings, and led a $300 million PIPE financing for Solmate in September 2025, committing to invest $50 million. The lawsuit alleges actions by the board that harmed shareholders' interests, including selling shares during the lock-up period, signing advisory agreements favoring related parties, as well as directors Ron Sade and Keren Maimon personally buying about 2.298 million Class B shares at $4.97 per share, leading to approximately 20% shareholder dilution. Solmate currently holds about 2 million SOL on its books, with its stock price down around 78% year-to-date, while SOL has dropped about 50% over the same period.