Credissential Provides Bi-Weekly Status Update on MCTO
Calgary, Alberta / November 12, 2025 – Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP), a vertically integrated AI software development company, provides this biweekly status update in accordance with National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
As previously announced on October 29, 2025, the Company applied for and was granted a Management Cease Trade Order (“MCTO”) by the Alberta Securities Commission, as principal regulator, due to a delay in the filing of its audited annual financial statements, accompanying management’s discussion and analysis, and the related CEO and CFO certifications for the fiscal year ended June 30, 2025 (collectively, the “Annual Filings”).
The MCTO remains in effect and prohibits trading in securities of the Company by the Chief Executive Officer and Chief Financial Officer until the Annual Filings are made and the MCTO is lifted. The Company’s shares remain freely tradable by the general investing public.
As disclosed in the initial default announcement, the delay in completing the audit is due to the complexity of the Company’s financial reporting period, which included the consolidation of two acquisitions and convertible note financings. These transactions introduced additional audit and review procedures relating to purchase price allocations, fair value assessments, and financial instrument accounting that extended beyond the initially anticipated scope and timeline.
The Company continues to work diligently with its auditors, Kenway Mack Slusarchuk Stewart LLP, to complete the audit and continues to expect to file the Annual Filings on or before November 29, 2025.
Pursuant to NP 12-203, the Company confirms that:
· It intends to continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of further news releases until the Annual Filings are made.
· There have been no material changes to the information contained in the default announcement issued on October 29, 2025, that would reasonably be expected to be material to an investor.
· There have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203.
· There is no other material information concerning the affairs of the Company that has not been generally disclosed.
About Credissential
Credissential is an AI powered financial services software developer.
For more information about Credissential and other products from Credissential, visit www.credissential.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer Colin Frost
Head Office 2004 Sherwood Drive, Sherwood Park, AB T8A 0Z1
Telephone +1 (236) 513 4776
Email info@credissential.com
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-Looking Information
Certain statements in this news release may constitute “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking information relates to future events or anticipated performance of the Company and reflects management’s current expectations or beliefs regarding such future events. Forward-looking statements in this release include, but are not limited to, statements regarding the timing, progress, and completion of the Company’s annual audit; the expected timing for the filing of the Annual Filings; the anticipated duration of the MCTO; and the Company’s intentions to issue biweekly default status reports for so long as the Annual Filings remain outstanding.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk that the Annual Filings may not be completed within the anticipated timeframe, the outcome of audit procedures and regulatory reviews, the availability of key personnel and external resources, and general business, economic, and market conditions.
There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated. Except as required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise. Additional information is available in the Company’s filings on SEDAR+ at www.sedarplus.ca.