Core Points - Credissential Inc. has been granted a Management Cease Trade Order (MCTO) due to delays in filing its audited annual financial statements for the fiscal year ended June 30, 2025 [2][3] - The delay is attributed to the complexity of financial reporting, including the consolidation of two acquisitions and convertible note financings, which required additional audit procedures [4] - The company is working with its auditors to complete the audit and expects to file the Annual Filings by November 29, 2025 [5] Company Information - Credissential is a vertically integrated AI software development company focused on financial services [1][6] - The company intends to comply with alternative information guidelines by issuing biweekly default status reports until the Annual Filings are made [7] - There have been no material changes to the information disclosed in the default announcement from October 29, 2025 [7]

Core Points - Credissential Inc. has successfully closed the final tranche of its convertible note offering, raising gross proceeds of CAD 150,000 [1] - The convertible notes carry an interest rate of 20% per annum and have a maturity date of twelve months from issuance [2] - The notes are convertible into common shares at a price equal to 100% of the closing price on the Canadian Securities Exchange, with a minimum conversion price of CAD 0.05 per share [2] - The notes rank as senior unsecured obligations, on par with existing senior unsecured debt, and are junior to secured debt [3] - The company has the option to redeem the notes prior to maturity at 110% of the principal amount, with a ten trading days' notice [4] - There is a 9.99% ownership limitation on the notes, preventing holders from owning more than this percentage of the company's common shares post-conversion [5] - Proceeds from the offering will be used to repay debts and for working capital [6] - The securities issued comply with ASC Rule 72-501 and are not subject to a hold period [7] Company Overview - Credissential is an AI-powered financial services software developer [8]

Core Viewpoint - Credissential Inc. is unable to file its annual financial statements by the deadline due to audit delays, resulting in a Management Cease Trade Order being granted [1][2]. Group 1: Audit Delays - The delay in completing the audit is attributed to the complexity of the financial reporting period, which involved consolidating two acquisitions and convertible note financings [2]. - Additional audit procedures were required for purchase price allocations, fair value assessments, and financial instrument accounting, extending beyond the initial timeline [2]. Group 2: Filing Expectations - The Company expects to file the Annual Filings on or before November 29, 2025, and will announce the completion through a news release [3]. - In the meantime, the Company will issue bi-weekly default status reports as per the alternative information guidelines during the MCTO [3]. Group 3: Management Cease Trade Order (MCTO) - During the MCTO, the general investing public can continue to trade the Company's common shares, but the CFO and CEO are prohibited from trading until the Annual Filings are submitted [4]. - The Company confirms it is not subject to any insolvency proceedings and has disclosed all material information regarding its affairs [5][9].

Core Points - Credissential Inc. has successfully closed the first tranche of its convertible note offering, raising gross proceeds of $360,750 CAD [1] - The convertible notes carry an interest rate of 20% per annum and have a maturity date of twelve months from issuance [2] - The notes are convertible into common shares at a price equal to the closing price on the Canadian Securities Exchange, with a minimum conversion price of $0.05 per share [2] - The net proceeds from the offering will be used to repay certain debts owed to creditors [6] Summary by Sections Offering Details - The offering consists of senior unsecured convertible notes issued to Helena Special Opportunities, LLC [1] - The notes rank pari passu with existing and future senior unsecured indebtedness, senior to subordinated indebtedness, and junior to secured indebtedness [3] - The company has the option to redeem the notes prior to maturity by providing ten trading days' notice and paying 110% of the principal amount being redeemed [4] Ownership Limitations - The convertible notes include a 9.99% ownership limitation, preventing HSO and any joint actors from owning more than 9.99% of the company's common shares post-conversion [5] Regulatory Compliance - All securities issued under the offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with Canadian securities laws [7] Company Overview - Credissential is an AI-powered financial services software developer [8]

Core Points - Credissential Inc. is conducting a non-brokered private placement of convertible notes for gross proceeds of up to $500,000 [1] - The convertible notes will be unsecured debt obligations, maturing 12 months after the closing date, and can be converted into common shares at a price of $0.05 per share [2] - The net proceeds from the offering will be used for general corporate and working capital purposes [4] Additional Information - The company has granted 7,000,000 Restricted Share Units (RSUs) to certain consultants, subject to a four-month and one-day hold period [5] - Credissential is an AI-powered financial services software developer [6]