Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports

Core Insights - Swifty Global has signed a binding Letter of Intent to be acquired by Signing Day Sports, which is pursuing an aggressive buy-and-build acquisition strategy aimed at scaling its business and driving profitable growth [1][4] - Swifty has achieved significant growth, with a turnover exceeding $128 million in 2023, and aims to triple its profits over the next two years through a licensing model for its gaming software [2][4] - The acquisition is expected to enhance both companies' shareholder value and facilitate Swifty's entry into the U.S. market, leveraging Signing Day's existing platform and investor base [3][4] Company Overview - Swifty Global operates in the online sports betting and casino sector, generating strong net income and significant cash flow while being debt-free [1][2] - The company has a dedicated software and operations team of nearly 30 personnel, which will enhance the Signing Day Sports platform and expand its service offerings [3] - Signing Day Sports currently focuses on football and soccer in the USA, with over 10,000 registered users, and aims to capitalize on technological advantages and financial scale through the acquisition [3][4] Strategic Goals - Swifty aims to transition onto a major exchange like NYSE American to access growth capital and accelerate its expansion plans [1][4] - The licensing model for gaming software is designed to minimize cash demand and risk while allowing for profitable growth through revenue sharing with Tier 2 and Tier 3 operators [2] - Both companies are committed to finalizing the transaction by early October, following the completion of legal and regulatory procedures [4]