8-K/A filed March 5, 2026, 6:59 PM ET CIK 0001350156

other material confidence high sentiment negative materiality 0.80

PreAxia dismisses auditor Sadler Gibb, engages M&K CPAs; cites missed deadline and valuation issues

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.

Sadler Gibb & Associates dismissed as auditor effective Feb 19, 2026 after serving since Dec 23, 2025.
Dismissal follows missed filing deadline and unresolved discussions with Sadler Gibb on valuation and materiality.
M&K CPAs engaged as new independent auditor on Feb 20, 2026 to audit financials for May 31, 2026 year-end.
Company is in communication with SEC Office of Chief Accountant to resolve questions to be addressed by new auditor.
Prior auditors Fruci & Associates (to Dec 9, 2025) and GreenGrowth CPAs (to Oct 25, 2024) had no disagreements.

item 4.01 item 9.01

Machine-readable event card

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accession: 0001079973-26-000276
form_type: 8-K/A
ticker: null
cik: 0001350156
company_name: PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.
filed_at: 2026-03-05T23:59:59+00:00
discovered_at: 2026-05-14T18:02:34.901908+00:00
generated_at: 2026-05-15T19:27:28.377641+00:00
sec_items: ["4.01", "9.01"]
event_type: other_material
sentiment: negative
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Source-grounded claims

0585a995acc6faa73fe9b50e15795ad0db1499c3

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. engaged M&K CPAs as its auditor.

On February 20, 2026, the Registrant engaged the firm of M&K CPAs (M&K") to serve as its independent registered public accounting firm to audit its consolidated financial statements as of May 31, 2026.

SEC 8-K Item 4.01/4.02 confidence 0.99 SEC evidence

1e79404fa5ab7adcd866fcda6f4b0eabf4c2468d

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. dismissed Sadler Gibb & Associates as its auditor.

On February 19, 2026, PreAxia Health Care Payment Systems Inc. notified Sadler Gibb & Associates (SadlerGibb) of its dismissal, effective as of the same day, as the Registrant's independent registered public accounting firm.

SEC 8-K Item 4.01/4.02 confidence 0.99 SEC evidence

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