8-K
filed April 21, 2026, 7:59 PM ET
CIK 0001350156
other material
confidence high
sentiment negative
materiality 0.70
PreAxia restates Aug 31, 2025 financials; stock award errors, material weakness
PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.
- Management identified material errors in stock award valuation, timing, and option disclosures for the three months ended Aug 31, 2025.
- Previously issued financial statements for that period should no longer be relied upon; restatement to be filed via amended Form 10-Q.
- Material weakness in internal control over financial reporting continues to exist; disclosure controls and procedures ineffective.
- Discussed with auditors Fruci & Associates (former) and M&K CPAs (current), which will oversee the review.
Machine-readable event card
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