New Risk • Jun 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 267% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (267% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.79m market cap, or US$1.97m). 공고 • Jun 09
Credissential Inc. announced that it has received CAD 0.49 million in funding On June 8, 2026, Credissential Inc. has amended and closed the transaction. The company will now issue 3,062,500 units of the Company at a price of CAD 0.16 per Unit for gross proceeds of CAD 490,000. No finder’s fees were paid in connection with the Offering. New Risk • Mar 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Share price has been highly volatile over the past 3 months (96% average weekly change). Earnings have declined by 75% per year over the past 5 years. Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.48m market cap, or US$1.08m). 공고 • Feb 16
Codeifai Limited (ASX:CDE) completed the acquisition of Certain assets from Credissential Inc. (CNSX:WHIP). Codeifai Limited (ASX:CDE) signed a letter of intent to acquire Certain assets from Credissential Inc. (CNSX:WHIP) on June 6, 2025. As of June 30, 2025, Codeifai Limited entered into a binding agreement to acquire Certain assets from Credissential Inc. for AUD 1.3 million. In consideration for the acquisition, CDE will subject to shareholder approval, issue up to AUD 1.15 million worth of CDE shares. Additionally, CDE will pay AUD 0.15 in cash, which may be satisfied by the issue of CDE shares at CDE's election. Credissential agrees to a voluntary escrow for the consideration shares, with one-third immediately available, one-third held for three months, and the final third held for six months post-completion. The acquisition of QuantumAI is conditional upon several factors. CDE must be satisfied with the outcome of its due diligence investigations into the QuantumAI business and its assets. Shareholder approval is required for the acquisition, including the issuance of shares to Credissential as consideration. Additionally, no material adverse change should occur between the date of the Asset Sale and Purchase Agreement (ASPA) and the satisfaction of the due diligence condition. Furthermore, there must be no breach of any of the Credissential's warranties during this period. The transaction is expected to close on August 29, 2025.
On August 28, 2025, it was announced that the transaction is expected to close on October 10, 2025. Codeifai is in the final stages of completing its comprehensive technical due diligence in respect of the Antenna Transfer acquisition and expects to satisfy all remaining conditions and finalise the acquisition in the near term following satisfaction. Once acquired by Codeifai, the platform will be rebranded to “QuantumAI Secure". On December 8, 2025, Codeifai Limited's shareholder approved the issuance of shares to Creddissential Inc.
Oakley Capital Partners Pty Limited acted as the CDE's Corporate Advisor to the acquisition.
Codeifai Limited (ASX:CDE) completed the acquisition of Certain assets from Credissential Inc. (CNSX:WHIP) on February 16, 2025. 공고 • Jan 29
Credissential Inc., Annual General Meeting, Mar 09, 2026 Credissential Inc., Annual General Meeting, Mar 09, 2026. New Risk • Dec 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (89% average weekly change). Negative equity (-CA$365k). Earnings have declined by 99% per year over the past 5 years. Shareholders have been substantially diluted in the past year (240% increase in shares outstanding). Revenue is less than US$1m (CA$2.5k revenue, or US$1.8k). Market cap is less than US$10m (CA$640.5k market cap, or US$465.3k). Minor Risk Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). 
