Credissential Inc. Closes First Tranche of Convertible Note Offering
Calgary, Alberta — October 22, 2025 — Leads & Copy — Credissential Inc. (CSE: WHIP), a vertically integrated AI software development company, announced the closing of the first tranche of its convertible note offering for gross proceeds of $360,750 CAD. The senior unsecured convertible notes were issued to Helena Special Opportunities, LLC, an institutional investor based in the Cayman Islands, pursuant to a subscription agreement dated October 1, 2025.
The Convertible Notes bear interest at 20% per annum and have a maturity date of twelve (12) months from the date of issuance. They are convertible into common shares of the Company at a price equal to 100% of the closing price of the Common Shares on the Canadian Securities Exchange, subject to a minimum conversion price of $0.05 per share.
The Company retains the right to redeem all or part of the Convertible Notes prior to maturity by providing ten (10) trading days’ written notice to HSO and paying 110% of the principal amount being redeemed. The Convertible Notes also include a 9.99% ownership limitation.
The net proceeds from this offering were used to repay certain debts owed to creditors. All securities issued under the Offering are subject to a statutory hold period of four (4) months and one (1) day from the date of issuance.
Colin Frost, Chief Executive Officer
Head Office: 2004 Sherwood Drive Sherwood Park, AB T8A 0Z1
Telephone: +1 (236) 513 4776
Email: info@credissential.com
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