PreAxia forms AI-focused subsidiaries Zane Inc; appoints new director and CEO, converts $1.5M debt to equity

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.

Formed Zane Inc CA (Alberta) and Zane Inc US (Nevada) to develop AI-powered personal financial tools.
Pravel Bondarev appointed CEO of Zane subsidiaries and to PreAxia board; Zapatinas and Verberne reconfirmed.
Converted $1,525,577 in convertible debt to 15,255,770 shares at $0.10 per share.
Sold 800,000 shares in private placement at $0.25 for $200,000.
Approved 2025 Stock Plan granting up to 2,400,000 options for personnel.

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Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. issued 15,255,770 shares of common stock to president for $1,525,577 in convertible debt.

Security: common stock
Shares: 15,255,770 shares
Purchaser: president
Consideration: $1,525,577 in convertible debt

Exact text from the filing

On June 30, 2025, the Company president converted $1,525,577 in convertible to debt to 15,255,770 shares of common stock at $0.10 per share.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. issued 800,000 shares of common stock for $0.25 or $200,000.

Security: common stock
Shares: 800,000 shares
Consideration: $0.25 or $200,000

Exact text from the filing

On August 20, 2025, the Company sold 800,000 shares of PreAxia common stock at $0.25 or $200,000 in a private sale.

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Source: SEC EDGAR

accession 0001262463-25-000180

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