Preaxia Health Care (PAXH) engages Sadler Gibb to audit FY 2026 accounts

Rhea-AI Filing Summary

Preaxia Health Care Payment Systems Inc. filed a current report stating that it has engaged Sadler Gibb and Associates as its independent registered public accounting firm. Sadler Gibb will audit Preaxia's consolidated financial statements as of May 31, 2026.

The company notes that during the past two fiscal years and up to the engagement date, it did not consult Sadler Gibb on the application of accounting principles to specific transactions, on any reportable events under SEC rules, or on the type of audit opinion that might be issued. The filing focuses solely on this auditor engagement and includes a technical exhibit for the cover page interactive data file.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

Date of Report (Date of earliest event reported): December 23, 2025

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.

(Exact name of registrant as specified in its charter)

Nevada	000-52365	20-4395271
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

PO Box 368 Dunedin, Florida	34697-0368
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code (403) 850-4120

N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act .☐

Section 4 - Matters Related to Accountants and Financial Statements

Item 4.01 Changes in Registrant's Certifying Accountant

(a) Engagement of New Independent Registered Public Accounting Firm.

On December 23, 2025, the Registrant engaged the firm of Sadler Gibb and Associates ("SadlerGibb") to serve as its independent registered public accounting firm to audit its consolidated financial statements as of May 31, 2026. At no time during the past two fiscal years or any subsequent period prior to December 23, 2025 did the Registrant consult with SadlerGibb with respect to the application of accounting principles to a specified transaction, either completed or proposed, or regarding any of the enumerated items described in Item 304(a)( l )(iv) of Regulation S-K, any "reportable event," as described in Item 304(a)(l)(v) of Regulation S-K, or the type of audit opinion that might be rendered for the Registrant.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits 

Exhibit No.		Document
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.
Date: December 23, 2025	/s/ Tom Zapatinas
	Name: Tom Zapatinas
	Title:  President/Chief Executive Officer

FAQ

What change did Preaxia Health Care Payment Systems Inc. (PAXH) report in this filing?

Preaxia Health Care Payment Systems Inc. reported that it engaged Sadler Gibb and Associates as its independent registered public accounting firm to audit its consolidated financial statements as of May 31, 2026.

Who is the new independent auditor for Preaxia Health Care Payment Systems Inc. (PAXH)?

The new independent auditor for Preaxia Health Care Payment Systems Inc. is Sadler Gibb and Associates, engaged to audit the company’s consolidated financial statements as of May 31, 2026.

Did Preaxia Health Care Payment Systems Inc. (PAXH) previously consult Sadler Gibb on accounting matters?

According to the report, during the past two fiscal years and any subsequent period prior to December 23, 2025, Preaxia did not consult Sadler Gibb regarding the application of accounting principles, any reportable events, or the type of audit opinion that might be rendered.

Does the Preaxia Health Care Payment Systems Inc. (PAXH) filing mention any reportable events with the new auditor?

The filing states that there were no reportable events as described in Item 304(a)(1)(v) of Regulation S‑K in connection with Sadler Gibb prior to its engagement.

What exhibit is included with this Preaxia Health Care Payment Systems Inc. (PAXH) report?

The report includes Exhibit 104, which is the Cover Page Interactive Data File embedded within the Inline XBRL document.

Who signed the Preaxia Health Care Payment Systems Inc. (PAXH) current report?

The report was signed on behalf of Preaxia Health Care Payment Systems Inc. by Tom Zapatinas, the company’s President and Chief Executive Officer, dated December 23, 2025.