Credissential Inc. Provides Update on Management Cease Trade Order
Calgary, Alberta — December 24, 2025 — Leads & Copy — Credissential Inc. (CSE: WHIP) provided a biweekly update, in accordance with National Policy 12-203, regarding the Management Cease Trade Order (MCTO) issued by the Alberta Securities Commission (ASC) due to a delay in filing its annual financial statements for the fiscal year ended June 30, 2025.
The MCTO, announced on October 29, 2025, remains in effect, restricting trading in the company’s securities by the CEO and CFO until the Annual Filings are completed and the order is lifted. However, the company’s shares remain tradable by the general public.
The delay in completing the audit is attributed to the complexity of the fiscal year, which included the consolidation of two acquisitions and accounting for convertible note financings, leading to additional audit procedures, according to the initial default announcement.
Credissential transitioned its day-to-day accounting to Cavalry Advisory Group earlier this year. While Kenway Mack Slusarchuk Stewart LLP (KMSS) remains the auditor, the transition resulted in more catch-up work than expected, contributing to the delay, the company said.
KMSS has committed to completing the audit on or before December 31, 2025, despite previous staffing and scheduling constraints. The company has requested an updated projected release date and will provide further information when available.
Given these factors, Credissential has requested that the MCTO remain in place until the anticipated filing date of December 31, 2025.
The company intends to continue issuing biweekly default status reports until the Annual Filings are made, complying with the alternative information guidelines under NP 12-203. There have been no material changes to the information in the default announcement issued on October 29, 2025, and the company has fulfilled its stated intentions. There is no other material information concerning the affairs of the company that has not been generally disclosed, according to the release.
Credissential is an AI-powered financial services software developer.
Colin Frost, Chief Executive Officer
Head Office: 191 Ordze Avenue, Sherwood Park, AB T8B 1M6
Telephone: +1 (236) 513 4776
Email: info@credissential.com
Source: Credissential Inc.
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