DRCR Announces Strategic Restructuring to Pursue Major-Exchange IPO for Technology Division

Dear Cashmere Holding Company (OTC:DRCR), also known as Swifty Global, has announced a strategic restructuring to separate its online gaming technology business into a newly formed company, with plans for an initial public offering on a major exchange as early as 2026. This move comes as compliance requirements become increasingly critical across Europe due to new regulatory frameworks and tax policies, positioning DRCR to maximize long-term growth opportunities and strengthen regulatory alignment.

The Board of Directors approved the restructuring to unlock shareholder value, improve capital-market alignment, and support the planned IPO. DRCR's technology division has reached a scale where it can operate as a stand-alone global platform, while the company's current public structure no longer aligns optimally with modern technology IPO requirements. By creating two focused entities, the Board believes DRCR can accelerate growth of the technology platform, create a clean path to a major-exchange IPO, preserve value for shareholders, and enable each business to pursue market-specific strategies.

James Gibbons, CEO of DRCR, stated that this restructuring is designed to maximize shareholder value by allowing two strong businesses to pursue strategies best suited to their growth. Shareholders will have the opportunity to participate in the future technology IPO while continuing to benefit from DRCR's public-company strategy. Nicolas Link, Chairman of DRCR, added that this structure creates the best possible alignment between founders, shareholders, and future investors, giving DRCR flexibility for strategic acquisitions while allowing the technology business to pursue the IPO.

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. At the close of business on December 7, DRCR will spin out the majority of its online gaming technology business into this newly formed entity, which will initially be privately held. The decision to pursue an IPO through a new company rather than uplisting DRCR itself reflects a strategic assessment of how best to position the technology business for a successful major-exchange listing, particularly since the business generates substantially all revenues outside the United States.

DRCR shareholders of record as of December 31 who hold at least 2,000 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 additional information and allow shareholders to register for participation in the future IPO process. A highly experienced industry executive has been appointed as CEO of the new IPO vehicle, with James Gibbons transitioning to Chief Technology Officer. Separately, DRCR will continue operating as a publicly traded company under Gibbons and Link's leadership and has identified a strategic acquisition expected to complete in early 2026 to form the foundation of its next growth phase.

The founders have taken minimal compensation and have not sold shares to date, maintaining a tightly controlled capitalization structure. They will be subject to customary lock-up arrangements in connection with the planned IPO and have completed routine regulatory filings that provide the ability for limited sales under strict restrictions, though they state no current intention to sell. The Board expects to complete the appointment of the investment bank to lead the IPO process in January and will provide further updates early in the new year regarding IPO progress, shareholder interests in the new company, and DRCR's planned acquisition. Additional information is available through the company's website at https://www.swiftyglobal.com and its OTC Markets profile at https://www.otcmarkets.com/stock/DRCR/profile.