Business
Credissential Announces Closing of Convertible Debenture Financing
Credissential Announces Closing of Convertible Debenture
About this update from Credissential Inc.
[{"type":"text","content":"(via TheNewswire)\n \n\n \n\nCalgary, Alberta /July 4, 2025 –TheNewswire -Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP) (OTC: IPTNF) (FSE: 9YZ)is pleased to announce that it has closed its previously announced non-brokered private placement of convertible debenture units (each, a “Convertible Debenture Unit”) for gross proceeds of $150,000 (the “Offering”).\n \n \n\n \n\nEach Convertible Debenture Unit consists of (i) a $1,000 principal amount unsecured convertible debenture (a “Convertible Debenture”) and (ii) 20,000 common share purchase warrants (each, a “Warrant”). Each Warrant entitles the holder to acquire one common share of the Company (a “Common Share”) at an exercise price of $0.05 for a period of two (2) years from the date of issuance. The Convertible Debentures bear interest at a rate of 12.0% per annum, mature 24 months from the date of issuance, and are convertible, in whole or in part, into Common Shares at the option of the holder at a conversion price of $0.05 per Common Share. \n\n \n\nThe securities issued under the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants, are subject to a statutory hold period of four (4) months and one (1) day in accordance with applicable securities laws. \n\n \n\nThe net proceeds from the Offering are to be used for general corporate and working capital purposes. No finder’s fees were paid in connection with the Offering. \n\n \n\nAbout Credissential \n\n \n\nCredissential 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. \n\n \n\nFor more information about Credissential and other products from Credissential, visitwww.credissential.com. \n\n \n\nON BEHALF OF THE BOARD OF DIRECTORS \n\n \n\nChief Executive Officer Colin FrostHead Office 191 Ordze Avenue, Sherwood Park, AB T8B 1M6Telephone &n...