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Credissential Inc. to Acquire Orbit2Orbit Pty Ltd in Reverse Takeover Transaction
Calgary, Alberta — July 13, 2026 — Leads & Copy — Credissential Inc. (CSE: WHIP | OTCPK: IPTNF | FSE: 9YZ0) has agreed to acquire all issued and outstanding securities in Orbit2Orbit Pty Ltd through a binding letter agreement, a transaction that will result in a reverse takeover of Credissential. The proposed transaction will see Credissential continue the business operations of Orbit2Orbit, a space logistics infrastructure company focused on developing and commercializing in-space logistics services and supporting hardware in Low Earth Orbit (LEO).
The acquisition, structured as an exchange offer, will result in Orbit2Orbit Securityholders receiving one common share in the resulting issuer for each Orbit2Orbit share, with the exchange ratio subject to final valuation. Outstanding Orbit2Orbit options, warrants, and convertible securities will be exchanged for similar securities of the resulting issuer on substantially similar terms.
Credissential currently has 6,837,831 common shares outstanding, along with warrants, stock options, compensation units, restricted share units, and convertible debentures. Orbit2Orbit’s capital structure includes 11,000,000 ordinary shares, AUD$300,000 in SAFE notes, and $1,550,000 in convertible notes, all of which are expected to be converted into Orbit2Orbit shares prior to closing.
Following the transaction, existing Orbit2Orbit securityholders and holders of Subscription Receipts are anticipated to own approximately 52.7% and 19.9% respectively of the resulting issuer shares. Existing Credissential shareholders are expected to hold 21.2%, with an additional 6.2% allocated to a finder for advisory services.
Credissential plans to complete a strategic spin-out of its current assets, continue into the Province of Ontario, and change its name to “Orbit2Orbit Inc.” or a similar approved name.
Orbit2Orbit is developing in-space logistics services to address the lack of persistent station-to-station logistics capability in LEO. Its current commercial activities include the “Lab2Space” pathfinder program, offering stratospheric and suborbital test-flight services, and the development of an orbital demonstrator vehicle through Mission 0 to validate orbital operations. Mission 1 aims to develop a reusable orbital vehicle and servicing interface for various in-orbit operations.
Orbit2Orbit was incorporated in Australia on February 17, 2025, with its head office located in Gold Coast, Queensland.
In connection with the transaction, Orbit2Orbit intends to complete a non-brokered private placement of subscription receipts at $0.80 per receipt, aiming to raise at least $8,000,000. Proceeds will be used for research and development, including the Lab2Space Program and Mission 0 advancement, as well as general working capital.
Upon completion of the transaction, the current directors and officers of Credissential will resign. The proposed officers for the resulting issuer include Bradley Hatton-Jones as Chief Executive Officer and Director, Rick Mah as Chief Financial Officer, Dr. Phillippe Laniakea as Chief Technology Officer, Amal Khatri as Chief Strategy Officer, and Richard Kimel as Corporate Secretary.
Bradley Hatton-Jones, founder and CEO of Orbit2Orbit, has previous experience as a Manufacturing Engineer at Gilmour Space Technologies. Dr. Phillippe Laniakea, CTO of Orbit2Orbit, brings over 13 years of experience in spacecraft systems engineering. Amal Khatri, Chief Strategy Officer, has over 25 years of leadership experience in space, energy, and geospatial intelligence sectors. Rick Mah, CFO, has over 20 years of corporate finance experience. Richard Kimel, Corporate Secretary, is a partner at Aird & Berlis LLP specializing in corporate finance and M&A.
Completion of the transaction is subject to several conditions, including satisfactory due diligence, definitive documentation, board and shareholder approvals, third-party consents, CSE approval, and the completion of the Orbit2Orbit Private Placement, Spin-Out, Continuance, and Name Change.
Credissential is a reporting issuer in Alberta, British Columbia, and Ontario, with its common shares currently halted from trading. Credissential is an AI-powered financial services software developer.
Source: Credissential Inc.