secwatch.observer — SEC 8-K summary
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Issuer:     PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. (—)
CIK:        0001350156
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001262463-25-000180
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/0001262463-25-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350156/000126246325000180/paxh8k925.htm
  HTML page:      https://secwatch.observer/filing/0001262463-25-000180

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer