secwatch.observer — SEC 8-K summary
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Issuer:     PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. (—)
CIK:        0001350156
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001079973-26-000257
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PreAxia dismisses auditor Saddler Gibb amid missed deadline; hires M&K CPAs
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- Dismissed Saddler Gibb & Associates as auditor effective Feb 19, 2026; engagement lasted from Dec 23, 2025.
- No audit reports issued by SaddlerGibb; discussions on valuation and materiality were inconclusive.
- PreAxia missed a filing deadline and is in communication with SEC Office of Chief Accountant.
- Engaged M&K CPAs on Feb 20, 2026 as new independent registered public accounting firm.
- Prior auditors Fruci (resigned Dec 9, 2025) and GreenGrowth (resigned Oct 25, 2024) had no disagreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350156/000107997326000257/0001079973-26-000257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350156/000107997326000257/paxh_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000257

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