---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-26-000518"
form_type: "8-K"
ticker: null
cik: "0001350156"
company_name: "PREAXIA HEALTH CARE PAYMENT SYSTEMS INC."
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:05:04.760967+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PreAxia restates Aug 31, 2025 financials; stock award errors, material weakness

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-26-000518
- form_type: 8-K
- cik: 0001350156
- company_name: PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350156/000107997326000518/0001079973-26-000518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350156/000107997326000518/paxh_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-26-000518
- JSON: https://secwatch.observer/filing/0001079973-26-000518.json
- Plain text: https://secwatch.observer/filing/0001079973-26-000518.txt

## Source-grounded claims
- claim_id: a190e01ab92e0c5b0451a41c5e2cf200ce75044e
  claim: PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. reported that prior financial statements should not be relied upon.
  evidence_excerpt: On April 9, 2026, the management of PreAxia Health care Payment Systems Inc., a Nevada corporation (the “Company”), identified material errors in the previously released financial statements for the three months ended August 31, 2025 (the “Non-Reliance Period”) and concluded that such financial statements should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350156/000107997326000518/0001079973-26-000518-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.