{"schema_version":"secwatch.filing_event.v1","accession":"0001262463-25-000180","form_type":"8-K","ticker":null,"cik":"0001350156","company_name":"PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.","filed_at":"2025-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.797645+00:00","generated_at":"2026-05-17T06:43:38.549929+00:00","sec_items":["1.01","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"PreAxia forms AI-focused subsidiaries Zane Inc; appoints new director and CEO, converts $1.5M debt to equity","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001262463-25-000180","json":"https://secwatch.observer/filing/0001262463-25-000180.json","markdown":"https://secwatch.observer/filing/0001262463-25-000180.md","text":"https://secwatch.observer/filing/0001262463-25-000180.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/0001262463-25-000180-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/paxh8k925.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:43:38.549929+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5e90004b7de1c2d82212533c04fb4c9b9b036037","claim":"PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. issued 15,255,770 shares of common stock to president for $1,525,577 in convertible debt.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/0001262463-25-000180-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"15,255,770 shares"},{"label":"Purchaser","value":"president"},{"label":"Consideration","value":"$1,525,577 in convertible debt"}],"fact_type":"equity_issuance"},{"claim_id":"ae9ae78a8ba078be5e16360402140c7876f132b0","claim":"PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. issued 800,000 shares of common stock for $0.25 or $200,000.","evidence_excerpt":"On August 20, 2025, the Company sold 800,000 shares of PreAxia common stock at $0.25 or $200,000 in a private sale.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/0001262463-25-000180-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"800,000 shares"},{"label":"Consideration","value":"$0.25 or $200,000"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}