Calgary, Alberta – TheNewswire - July 2, 2025 – Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP) (OTC: IPTNF) (FSE: 9YZ) is pleased to announce that it has entered into a definitive agreement, dated
June 30, 2025, (the “Agreement”) with Codeifai Limited (“Codeifai”), an Australia-based product authentication and consumer engagement solutions provider, for the sale of Credissential’s Antenna Transfer Inc. (to be renamed QuantumAI) (“Antenna”) business (the “Transaction”), including all associated intellectual property, software, platform assets, and trademarks (collectively, the “Business”).

 

Under the terms of the Agreement, Credissential will receive total consideration of AUD$1.3 million, comprised of AUD$1.15 million in fully paid common shares of Codeifai Limited (the “Consideration Shares”) and AUD$150,000 in cash (the “Cash Consideration”), subject to escrow terms and customary adjustments. The Consideration Shares will be issued based on the lower of: (i) a ten percent (10%) discount to the VWAP over the 30 trading days prior to June 30, 2025; or (ii) a ten percent (10%) discount to the VWAP over the 20 trading days prior to issuance. At the election of Credissential, the Cash Consideration may be satisfied in Codeifai shares at the same price as the Consideration Shares. The Transaction is arms-length and there will be no finder’s fees paid.

 

Antenna, operating under the domain Antennatransfer.io, is a proprietary quantum-secured platform designed to enable highly secure payments, file transfers, and end-to-end encrypted communications. The platform uses advanced post-quantum cryptographic techniques and AI-driven security protocols to safeguard data and communications against both classical and quantum-based cyber threats. The sale of the platform aligns with Credissential’s strategic focus on the development of fintech initiatives and maximizing shareholder value.

 

The Transaction is subject to a number of customary closing conditions, including Codeifai shareholder approval for the issuance of shares and the completion of a capital raising of at least AUD$300,000 by Codeifai. Completion is expected to occur within thirty (30) days following Codeifai shareholder approval, unless otherwise agreed by the parties.

 

By monetizing a fully developed asset, Credissential aims to optomize its portfolio while concentrating resources on its highest-growth opportunity in the expanding car dealership sale and cryptocurrency tax preparation market. The proceeds from the sale of the Business provide working capital to continue the commercialization of the Dealerflow and CoinCMPLY product stacks. The divestiture exemplifies management's commitment to maximizing shareholder returns through strategic asset rationalization and focused execution on market opportunities with strong growth potential.

 

Credissential CEO Colin Frost commented, "We are pleased to have found a strong strategic buyer in Codeifai, who shares our vision for the future of secure digital infrastructure. We believe that this Transaction allows us to realize significant value from our quantum-secured technology investments while providing the working capital needed to accelerate our current product suite and expansion into rapidly growing markets. By strategically divesting non-core assets and focusing our resources on our highest-growth opportunities, we’re working on optimizing our strategic position to create value for our shareholders."

 

The Consideration Shares to be issued to Credissential will be subject to voluntary escrow provisions, with one-third (1/3) released immediately, one-third (1/3) after three (3) months, and the final one-third (1/3) after six (6) months from the completion date.

 

Credissential will provide support to Codeifai over a transitional period following completion of the Transaction to ensure a smooth handover and successful integration of the Business into the Codeifai product suite.

 

About Codeifai

 

Codeifai Limited (ASX: CDE) Codeifai Limited is an Australia-based provider of product authentication and consumer engagement solutions. Its proprietary smartphone-enabled technology allows consumers to instantly verify product authenticity. By combining its authentication tools with its SaaS-based Connect platform, Codeifai enables smart product packaging that creates cost-effective, digital, and direct marketing channels between brands and consumers. Connect also captures valuable consumer data and delivers targeted marketing campaigns directly to the user’s smartphone. Codeifai is currently focused on the high-growth Australian, Southeast Asian, and Chinese markets, with an emphasis on sectors such as dairy, cannabis, alcohol, and cosmetics—industries particularly affected by counterfeit goods that threaten consumer safety and brand integrity.

 

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                         191 Ordze Avenue, Sherwood Park, AB T8B 1M6

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: statements regarding the completion of the sale of the Business to Codeifai; the expected consideration to be received by the Company in connection with the Transaction; the anticipated timing for completion of the Transaction; the potential benefits of the Transaction to the Company and its shareholders; and any statements regarding the future business strategy, plans, or opportunities of the Company following the transaction.

 

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.