---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-009548"
form_type: "8-K"
ticker: null
cik: "0001811623"
company_name: "PaxMedica, Inc."
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T03:55:05.454429+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PaxMedica issues 114.8M shares to CEO-led entity for $10K; plans going private, avoids bankruptcy

## Summary
- Issued 114,754,700 shares (over 90% voting power) to PRV, LLC, controlled by CEO Howard Weisman, for $10,000 plus legal fees.
- Board determined company in zone of insolvency with market cap ~$0; transaction intended to avoid Chapter 7 bankruptcy.
- Short-form merger under Delaware law planned; company will become wholly-owned subsidiary of PRV, then deregister with SEC.
- Lead independent director Charles Casamento resigned effective issuance date; other directors expected to resign upon completion.

## SEC filing metadata
- accession: 0001493152-25-009548
- form_type: 8-K
- cik: 0001811623
- company_name: PaxMedica, Inc.
- filed_at: 2025-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811623/000149315225009548/0001493152-25-009548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811623/000149315225009548/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-009548
- JSON: https://secwatch.observer/filing/0001493152-25-009548.json
- Plain text: https://secwatch.observer/filing/0001493152-25-009548.txt

## Key facts
- M&A Transactions
  PaxMedica, Inc. underwent a change of control involving Pax Rescue Vehicle, LLC for $10,000 plus legal fees incurred by the Company (closed 2025-03-03).
  - Action: change of control
  - Counterparty: Pax Rescue Vehicle, LLC
  - Consideration: $10,000 plus legal fees incurred by the Company
  - Closing: 2025-03-03
  source text: Delaware General Corporation Law (the “DGCL”). The issuance of the Common Stock to PRV represents a change-in-control of the Company. The purchase price for the Common Stock was $10,000 plus legal fees incurred by the Company in connection with this transaction. The Board determined that, as the Company is in the zone of insolvency and its market capitalization
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811623/000149315225009548/0001493152-25-009548-index.htm

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