Announcement • Sep 20
Signing Day Sports, Inc. (NYSEAM:SGN) entered into a binding term sheet to acquire 99% stake in Dear Cashmere Holding Company (OTCPK:DRCR) from James Gibbons, Nicholas Link and others. Signing Day Sports, Inc. (NYSEAM:SGN) entered into a binding term sheet to acquire 99% stake in Dear Cashmere Holding Company (OTCPK:DRCR) from James Gibbons, Nicholas Link and others on September 18, 2024. The consideration consists of common equity of Signing Day Sports, Inc. equivalent to 19.99% stake to be issued for common equity of Dear Cashmere Holding Company. The legacy shareholders of Signing Day as exist at the Closing date will hold 80.01% of the common shares of Signing Day and the sellers will hold 19.99% of Signing Day.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, approval/consents of lenders/creditors, consummation of due diligence investigation, listing / approval of new shares on stock exchange and lock-up agreement. The expected completion of the transaction is before October 31, 2024.
Maxim Group LLC acted as financial advisor for Dear Cashmere Holding Company. Lucosky Brookman LLP acted as legal advisor for Dear Cashmere Holding Company. Bevilacqua PLLC acted as legal advisor for Signing Day Sports, Inc. Announcement • Nov 29
Dear Cashmere Holding Company Secures GLI Certification for New Cutting-Edge B2B Gaming Platform Dear Cashmere Holding Company also known as Swifty Global (Swifty), is a cutting-edge technology firm focused on creating ground-breaking solutions in the sports betting and gaming sector. Swifty currently holds licenses spanning several global jurisdictions with many more licenses in process. Swifty currently operates its proprietary swipe betting sports prediction application, as well as its traditional sportsbook and casino gaming platforms in numerous jurisdictions. In a significant step forward, Swifty is proud to announce the completion and approval of the Gaming Laboratories International (GLI) certification for the company's new innovative B2B gaming platform which has now been certified in the UK and can also be used for operators in Isle of Man, Gibraltar, Estonia and Malta. The newly developed B2B platform sits at the center of the Swifty Global scaling and growth strategy and will unlock a substantial new revenue stream for the business. In line with this, Swifty has recently completed the gap analysis for the South African SANS 1718 standards. The minimal changes requested by the gambling regulator once again highlights the robust nature of the Swifty product offering. This positive outcome has set the stage for the company to pursue official certification, which Swifty will initiate within the next two weeks. Once fully certified Swifty is set to officially launch its offering into the $1.8 billion South African gambling sector. In addition to market and product expansion, Swifty's relentless focus on enhancing its current offerings continues with the launch of its second major release of its platform, packed with a suite of innovative updates. This includes AI-powered multilingual support, enhancing global user accessibility, and affiliate management integration to open new marketing channels through sites like gambling.com. The release also introduces a dynamic modular interface for creating personalized user pages with various components like sports and casino widgets, adaptable based on user location. Significant enhancements also include a casino aggregator, an improved reporting module, and an AI-driven bonus rules engine, all aimed at elevating user engagement. These updates collectively mark a major update to Swifty's gaming offering, reflecting commitment to continued innovation and user-centric design. With AI-powered enhancements and a dynamic modular interface, we're not just keeping pace with the industry - we're setting a new benchmark for what a gaming platform can offer. The convergence of technological advancements, new partnerships, and market expansion is set to drive substantial growth into the new year, delivering with it significant value for loyal shareholders. Announcement • Jan 12
Dear Cashmere Holding Company, Annual General Meeting, Jan 27, 2023 Dear Cashmere Holding Company, Annual General Meeting, Jan 27, 2023, at 09:00 US Eastern Standard Time. Location: The Trump International Beach Resort in Miami Miami United States Agenda: To present on the technology, routes to market, strategy, and business plan for the next 12 months. 
