Calgary, Alberta / May 20, 2025 – TheNewswire – Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP) (OTC: IPTNF) (FSE: 9YZ) announced a comprehensive update to its strategic direction, following the successful acquisition of crypto tax software provider CoinCMPLY. The Company is now positioned as a diversified financial transfer solutions provider with three distinct software platforms, strengthening its market position amid evolving economic conditions.

 

Credissential's expanded portfolio now includes DealerFlow, CoinCMPLY, and Antenna Transfer, creating a robust ecosystem of complementary financial technology solutions. This strategic diversification enables the Company to better withstand market fluctuations while providing comprehensive financial transfer capabilities across multiple sectors.

 

"By bringing together these three powerful platforms under the Credissential umbrella, we've created a financial technology ecosystem that addresses critical market needs while reducing our exposure to sector-specific volatility," said Colin Frost, Chief Executive Officer of Credissential. "This diversified approach positions us to deliver sustainable value to shareholders while pursuing targeted growth opportunities across the financial technology landscape."

 

The Company has already begun restructuring the newly acquired CoinCMPLY platform, pivoting from its previous business-to-consumer model to focus on business-to-business opportunities. This strategic shift will specifically target small accounting firms seeking to expand their service offerings to cryptocurrency investors and traders. The restructured platform will enable accounting professionals to efficiently manage crypto tax compliance without requiring specialized blockchain expertise. The Company is currently working on certain enhancements to the CoinCMPLY platform and expects to provide an update in the coming weeks.

 

In connection with the strategic repositioning, Credissential has launched an updated corporate website and investor presentation, which reflect the Company’s expanded capabilities and refined market focus. These materials, available at www.credissential.com/investors, articulate Credissential’s vision for integrating its three software platforms to deliver comprehensive financial transfer solutions.

 

Convertible Debenture Offering

 

The Company also announced a non-brokered private placement of convertible debentures of the Company (the “Convertible Debentures”, and each a "Convertible Debenture Unit"), at a price of $1,000 per Convertible Debenture Unit, for gross proceeds of up to $200,000 (the "Offering"). Each Convertible Debenture Unit will consist of (i) a $1,000 principal amount Convertible Debenture and (ii) 20,000 common share purchase warrants of the Company (the “Warrants”), with each whole Warrant entitling the holder to acquire one common share of the Company (a “Common Share”) at a price of $0.05 for a period of 2 years following the closing of the Offering (the “Closing Date”). The Convertible Debentures will mature 24 months from the Closing Date and will bear interest at a rate of 12.0% per annum. Each Convertible Debenture will be convertible, in whole or in part, at any time while any principal or interest remains outstanding, into Common Shares, at the option of the holder, at a price of $0.05 per Common Share. The Convertible Debenture Units and underlying securities will be subject to a hold period of four months and one day pursuant to applicable securities laws. 

 

The Convertible Debentures will be unsecured obligations of the Company. The net proceeds received by the Company from the Offering are intended to be used for general corporate and working capital purposes. No finder’s fees are payable in connection with the Offering. Insiders may participate in the Offering and if so, will be disclosed in the closing press release.

 

Debt Settlement

 

The Company announces it has entered into debt settlement agreements (the “Settlement Agreements”) to settle outstanding debts owed to certain creditors (the “Creditors”) totaling CAD $1,411,844.78 (the “Debt Settlement”). Pursuant to the Settlement Agreements, the Company has agreed to issue an aggregate of 23,949,650 common shares in the capital of the Company (each a “Share”) at a deemed price of CAD $0.05 per Share.

 

A total of 7,396,884 Shares will be issued to creditors that are considered “insiders” of the Company, and as such, their participation in the Debt Settlement constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(g) and 5.7(1)(e) thereof, on the basis that: (i) the Company is in serious financial difficulty, (ii) the Debt Settlement is designed to improve the financial position of the Company, (iii) the Company is not currently subject to any of the proceedings contemplated by Section 5.5(f)(i) of MI 61-101, (iv) the Company has two directors independent of the Debt Settlement and (v) the completion of the Debt Settlement is subject to the approval of both of the independent directors of the Company, having determined that the foregoing criteria in (i) and (ii) are met, and that the terms of the Debt Settlement are reasonable in the circumstances of the Company.

 

Of the Shares to be issued, 7,844,150 Shares will be subject to a statutory four-month and one-day hold period in accordance with National Instrument 45-106 – Prospectus Exemptions, while 16,105,500 Shares will not be subject to a hold period, as they are being issued pursuant to the exemption under Section 2.24 of NI 45-106.

 

The board of directors of the Company determined that it is in the best interests of the Company to complete the Debt Settlement in order to preserve the Company's cash for working capital.

 

Restricted Share Unit Grants

 

The Company has granted 300,000 Restricted Share Units (“RSUs”) of the Company pursuant to its Omnibus Equity Incentive Plan adopted by the shareholders on February 23, 2024. The RSUs are subject to the standard four month and one day hold period.

 

Investor Relations Activities

 

The Company also announces it entered into an agreement, dated May 19, 2025, with Apaton Finance GmbH (“Apaton”), to publish articles, in English and German, about the Company and marketing services to build the Company’s online presence. The term of the engagement is for a period of eight weeks. Apaton and its principals are arm’s length to the Company. The Company will pay to Apaton €10,000 (plus applicable taxes), which is payable upfront. The Company does not propose to issue any securities to Apaton in consideration for the services to be provided to the Company. Apaton can be reached at: Ellernstr. 34, 30175 Hannover, Germany, Tel: +49 511 6768 731, Email: m.hose@apaton.com.

 

About Credissential

 

Credissential is an AI powered financial services software developer, currently focused on the development and commercialization of its flagship products, Credissential Dealerflow, Antenna, and CoinCMPLY. By addressing critical friction points in financial transactions, Credissential enables businesses and individuals to transfer value efficiently, securely, and compliantly.

 

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                         (604) 917-0375

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 information in this news release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this news release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release. Forward-looking statements are based on specific factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are outside of the Company's control and are inherently subject to significant business, economic and competitive uncertainties. Forward-looking statements are inherently risky, and the information and plans disclosed therein may not come to fruition as contemplated or at all. Forward-looking statements in this news release include, but are not limited to, statements relating to: the Settlement Agreements, the Debt Settlement, grant of the RSUs, engagement of Apaton, the Offering, business plans, objectives and strategy.

 

Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR+ at www.sedarplus.ca.