---
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"
generated_at: "2026-05-17T06:43:38.549929+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001262463-25-000180
- form_type: 8-K
- cik: 0001350156
- company_name: PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262463-25-000180
- JSON: https://secwatch.observer/filing/0001262463-25-000180.json
- Plain text: https://secwatch.observer/filing/0001262463-25-000180.txt

## Key facts
- Equity Issuances
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/0001262463-25-000180-index.htm
- Equity Issuances
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/0001262463-25-000180-index.htm

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