Credissential Inc. Provides Biweekly Status Update on Management Cease Trade Order

November 27, 2025 — Leads & Copy — Credissential Inc. (CSE:WHIP) has provided a biweekly status update regarding its Management Cease Trade Order (MCTO), which was issued due to a delay in filing its annual financial statements.

The MCTO was initially announced on October 29, 2025, and was granted by the Alberta Securities Commission (ASC), the company's principal regulator. The order prohibits the Chief Executive Officer and Chief Financial Officer from trading the company's securities until the audited annual financial statements for the fiscal year ended June 30, 2025, are filed and the MCTO is lifted. The company's shares remain freely tradable by the general investing public.

Credissential said the audit's completion is taking longer than expected due to the complexity of the fiscal year. It included the consolidation of two acquisitions and accounting for convertible note financings. These introduced additional audit procedures relating to purchase price allocations, fair value assessments, and financial instrument accounting.

Additionally, the company said it transitioned its day-to-day accounting work from its previous accounting firm to Cavalry Advisory Group earlier in the year. While the company’s auditor, Kenway Mack Slusarchuk Stewart LLP (KMSS), has remained the same as in prior years, the transition to the new accounting firm resulted in more catch-up and reconciliatory work than initially expected, contributing to the delay.

Credissential has requested that the MCTO remain in place until the anticipated filing date of December 31, 2025. While the company has not yet received a specific audit completion date from KMSS, the auditor has committed to completing the audit on or before that date. KMSS has previously cited staffing and scheduling constraints but has confirmed that they remain on track to meet this commitment. The company has requested an updated projected release date and will provide further information once available.

Credissential 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, and 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.

Colin Frost is the Chief Executive Officer of Credissential Inc. He can be reached by telephone at +1 (236) 513 4776 or by email at info@credissential.com. The company’s head office is located at 2004 Sherwood Drive, Sherwood Park, AB T8A 0Z1.

Source: Credissential Inc.