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Credissential Extends Management Cease Trade Order as Complex Audit Nears Completion

Story Highlights
  • Credissential remains under a management cease trade order due to delayed 2025 annual financial filings.
  • Audit delays stem from acquisitions, complex financing, and accounting transition, with completion targeted by year-end.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Credissential Extends Management Cease Trade Order as Complex Audit Nears Completion

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Axiom Capital Advisors ( (TSE:WHIP) ) has issued an announcement.

Credissential Inc. has issued a bi-weekly update on the status of its Management Cease Trade Order, which remains in effect for its CEO and CFO due to a delay in filing audited annual financial statements and related disclosure for the year ended June 30, 2025. The company attributes the prolonged audit process to the complexity of consolidating two acquisitions, accounting for convertible note financings, and additional reconciliation work following a transition of day-to-day accounting to a new advisory firm, though its external auditor remains unchanged. While the audit firm has committed to completing the audit by December 31, 2025, no specific release date for the filings has been provided, and Credissential has asked that the trading ban on management stay in place until the expected filing date, emphasizing that public trading in its shares is unaffected and that there have been no material changes or undisclosed information since its initial default announcement.

More about Axiom Capital Advisors

Credissential Inc., listed on the CSE under the symbol WHIP, is an AI-powered financial services software developer. The Calgary-based company focuses on creating vertically integrated artificial intelligence solutions for the financial sector, delivering software products aimed at enhancing financial services operations and decision-making.

Average Trading Volume: 177,625

Technical Sentiment Signal: Sell

Current Market Cap: C$583.2K

See more data about WHIP stock on TipRanks’ Stock Analysis page.

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