Dear Cashmere Holding Company (OTC:DRCR), operating as Swifty Global, has announced a strategic restructuring that will separate its online gaming technology business into a newly formed company. This move is designed to position the technology division for a planned initial public offering on a major exchange as early as 2026, while DRCR continues to operate as a publicly traded entity with a focus on strategic acquisitions.
The restructuring comes as DRCR's technology division has reached sufficient scale and maturity to operate as a stand-alone global platform. The company provides mission-critical technology to participants in the global online gaming sector through proprietary platforms and specialized software, supporting compliance, scalability, and performance across multiple jurisdictions. With the introduction of new regulatory frameworks and tax policies across Europe, compliance has become increasingly critical, creating both challenges and opportunities for technology providers in this space.
According to the announcement, DRCR shareholders of record as of December 31 who hold at least 2,000 DRCR shares will receive an equity interest in the new company while retaining their existing DRCR shares. A portal will be launched during January to provide shareholders with additional information and allow them to register for participation in the future IPO process. The company's website at https://www.swiftyglobal.com will serve as an official communication channel for updates.
James Gibbons, who currently serves as CEO of DRCR, will transition to the role of Chief Technology Officer for the new entity. A highly experienced industry executive has already been appointed to serve as CEO of the new IPO vehicle and will be formally announced in due course. Meanwhile, DRCR will continue to operate as a publicly traded company under the leadership of Gibbons and Chairman Nicolas Link, with plans to complete a strategic acquisition in early 2026 to form the foundation of DRCR's next phase of growth.
The decision to pursue an IPO through a newly formed company, rather than an uplisting of DRCR itself, reflects a strategic assessment of how best to position the technology business for a successful major-exchange listing. The business generates and operates substantially all of its revenues outside the United States, creating an opportunity to design a regulatory, tax, and reporting structure optimized for international technology operations. This approach is intended to provide a clearer, faster, and more cost-effective path to a major-exchange IPO while maintaining continuity and value for DRCR shareholders.
The new company will focus on licensing proprietary sportsbook, casino, compliance, and risk-management software to regulated operators under a SaaS model, supporting international expansion across Europe, Africa, and other regulated markets. The Board expects to complete the appointment of the investment bank to lead the IPO process in January and will announce this as soon as practicable thereafter. Additional information about the company is available through its OTC Markets profile at https://www.otcmarkets.com/stock/DRCR/profile.
Nicolas Link, Chairman of DRCR, stated that this structure creates the best possible alignment between founders, shareholders, and future investors. It gives DRCR the flexibility to execute strategic acquisitions while allowing the technology business to pursue the IPO. The founders have taken minimal compensation and have not sold shares to date, maintaining a tightly controlled capitalization structure. In connection with the planned IPO, they will be subject to customary lock-up arrangements.
The restructuring represents a significant development for shareholders and the online gaming technology sector, potentially creating two focused entities better positioned to capitalize on specific market opportunities. As regulatory environments continue to evolve globally, technology providers that can navigate compliance requirements while delivering scalable solutions are increasingly valuable. This strategic move by DRCR reflects both the maturity of its technology division and the evolving landscape of regulated online markets worldwide.
