secwatch.observer — SEC 8-K summary
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Issuer:     PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. (—)
CIK:        0001350156
Form:       8-K/A
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001079973-26-000276
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350156/000107997326000276/0001079973-26-000276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350156/000107997326000276/paxh_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000276

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