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 new entity targeting an initial public offering on a major exchange as early as 2026. The decision comes as the company's technology division has reached sufficient scale and maturity to operate as a standalone global platform, while evolving regulatory frameworks across Europe have made compliance increasingly critical for industry participants.
The Board of Directors approved the restructuring to unlock shareholder value, improve capital-market alignment, and create a cleaner path to a major-exchange listing for the high-growth technology business. DRCR shareholders of record as of December 31 holding at least 2,000 shares will receive equity in the new company while retaining their existing DRCR shares. A portal will launch in January to provide additional information and allow shareholders to register for participation in the future IPO process.
CEO James Gibbons stated that the restructuring is designed to maximize shareholder value by allowing two strong businesses to pursue strategies best suited to their growth. 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 company's website at https://www.swiftyglobal.com provides additional corporate information.
DRCR has evolved from a small legacy operation into a scalable technology company under Gibbons' leadership, developing mission-critical technology for the global online gaming sector. The current public structure reflects a historical corporate arrangement that no longer aligns optimally with modern technology IPO requirements. By establishing a purpose-built public company for the technology division, DRCR aims to create a simpler, more efficient SEC registration process aligned with current operations.
Chairman Nicolas Link emphasized that this structure creates optimal alignment between founders, shareholders, and future investors, giving DRCR flexibility to execute strategic acquisitions while allowing the technology business to pursue its IPO. The company has already appointed an experienced industry executive as CEO of the new IPO vehicle, with Gibbons transitioning to Chief Technology Officer for the new entity. The Board expects to complete the appointment of the investment bank to lead the IPO process in January.
Separately, DRCR will continue operating as a publicly traded company under the leadership of Gibbons and Link, with a strategic acquisition planned for early 2026 to form the foundation of its next growth phase. Additional independent board members are expected to be appointed following the acquisition to support this development. The founders have maintained minimal compensation and have not sold shares, maintaining a tightly controlled capitalization structure, and will be subject to customary lock-up arrangements in connection with the planned IPO.
The restructuring reflects broader trends in the technology and gaming sectors where regulatory complexity is driving demand for specialized compliance solutions. As online gaming markets continue to expand globally, particularly in Europe where new regulatory frameworks are emerging, companies providing essential compliance technology are positioned for significant growth. The move to separate the technology business allows for a regulatory, tax, and reporting structure optimized for international operations, since the business generates substantially all revenues outside the United States.
For business leaders and investors tracking technology and gaming sectors, this development highlights how companies are restructuring to optimize for regulatory requirements and market opportunities. The planned IPO represents a significant milestone for a company that has successfully developed proprietary platforms for regulated online markets. Shareholders can monitor the company's OTC Markets profile at https://www.otcmarkets.com/stock/DRCR/profile for additional financial information as the restructuring progresses.
