Lunchtime Pitch

DENVER, Colo., May 16, 2024 (247marketnews.com)- Brera Holdings PLC (Nasdaq:BREA), Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE), Lucy Scientific Discovery Inc. (NASDAQ:LSDI), AST SpaceMobile, Inc. (NASDAQ:ASTS), and AT&T (NYSE:T)

Brera Holdings (NASDAQ:BREA) received coverage in the European press and Italian fan sites have been more interested in its plans to purchase an Italian professional football (soccer) team.

Professional sports is now one of the best investments, across all classes, to the point that Goldman Sachs (NYSE:GS) formed its Sports Franchise in Investment Banking division, in September 2023, to provide its wealthy clients access to investments in sports teams, leagues, and stadiums, as sports franchise values are projected to continue to surge, and JPMorgan Chase (NYSE:JPM) created a new “Sports Investment Banking Coverage” team, in a move that allows the bank to tap an increasingly profitable industry.

Brera’s recent appointment of Maria Xing, as its new Head of Investments and Corporate Development, is an aggressive move, as Xing is an MCO football group investment specialist, who already closed multiple high profile topflight professional football club deals in Brazil, Italy, France, Germany, Belgium, and Australia.

The announcement seems to indicate that a big deal, or deals, are imminent and should make headlines around the world, just as US interest in football is expected to increase, with the US hosting the 2024 Copa America, the 2025 FIFA Club World Cup, and the 2026 FIFA World Cup, which some experts project will “explode” the sport’s popularity and even has Newsday asking if US viewership of the 2026 World Cup could exceed the Super Bowl.

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Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has been squeezing this week and is on pace to trade well over a billion shares again, today. Additionally, the California-based global shared intelligent electric mobility ecosystem company, should exceed the billion-dollar mark today.

Lucy Scientific Discovery Inc. (NASDAQ:LSDI) effected a one-for-ten (1-10) reverse split of its common shares, exactly two months ago. After trading mostly lower since the reverse Lucy Scientific eclipsed its pre-split trading levels. At over 50 million shares, already, it’s easily smashed its all-time trading volume records.

AST SpaceMobile, Inc. (NASDAQ:ASTS) and AT&T (NYSE:T) agreed to provide their first space-based broadband network direct to everyday cell phones.

The agreement strengthens and extends the companies’ joint efforts until 2030, and AST SpaceMobile pexpects to deliver its first five Block 1 commercial satellites, this summer, for launch into low Earth orbit.

“Space-based direct-to-mobile technology is designed to provide customers connectivity by complementing and integrating with our existing mobile network,” stated AT&T’s CEO, Jeff McElfresh. “This agreement is the next step in our industry leadership to use emerging satellite technologies to provide services to consumers and in locations where connectivity was not previously feasible.”

“Working together with AT&T has paved the way to unlock the potential of space-based cellular broadband directly to everyday smartphones. We are thrilled to solidify our collaboration through this landmark agreement,” commented Abel Avellan, AST SpaceMobile Founder, Chairman, and CEO. “We aim to bring seamless, reliable service to consumers and businesses across the continental U.S., transforming the way people connect and access information.”

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