# EDGAR Filing Document

**Accession Number:** 0001350156
**File Stem:** 0001079973-26-000518
**Filing Date:** 2026-4
**Character Count:** 7271
**Document Hash:** 0206c5215f7c647e6f24c90842db7cfe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001079973-26-000518.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001079973-26-000518

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260409

**ITEM INFORMATION**: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.
- **CENTRAL INDEX KEY:** 0001350156
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 204395271
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-52365
- **FILM NUMBER:** 26880242

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 368
- **CITY:** DUNEDIN
- **STATE:** FL
- **ZIP:** 34697-0368
- **BUSINESS PHONE:** (403) 850-4120

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 368
- **CITY:** DUNEDIN
- **STATE:** FL
- **ZIP:** 34697-0368

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN WORLD PARTNERS INC
- **DATE OF NAME CHANGE:** 20060119

?xml version='1.0' encoding='ASCII'?

**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): April 9, 2026

**PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Nevada | &nbsp;&nbsp;000-52365 | &nbsp;&nbsp;20-4395271 |
| &nbsp;&nbsp;**(State or other jurisdiction** **of incorporation)** | &nbsp;&nbsp;**(Commission File Number)** | &nbsp;&nbsp;**(IRS Employer** **Identification No.)** |

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| | |
|:---|:---|
| &nbsp;&nbsp; PO Box 368<br> Dunedin, Florida | &nbsp;&nbsp;34697-0368 |
| &nbsp;&nbsp;**(Address of Principal Executive Offices)** | &nbsp;&nbsp;**(Zip Code)** |

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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 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.**

On April 9, 2026, the management of PreAxia Health care Payment Systems Inc., a Nevada corporation (the "Company"), identified material errors in the previously released financial statements for the three months ended August 31, 2025 (the "Non-Reliance Period") and concluded that such financial statements should no longer be relied upon.

The errors discovered for the Non-Reliance Period relate to the Non-Reliance Period's stock award valuation and timing, and lack of option disclosures. The Company's management is currently endeavoring to make the necessary corrections.

The Company's management has concluded that it is appropriate to correct the errors in accounting in the Company's financial statements for the Non-Reliance Period included in the applicable Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the "SEC"), by restating such financial information as the impact of the errors in the financial statements is expected to be material to the financial statements for the Non-Reliance Period (the "Restatement"). The Company will disclose in the to-be-filed Amended Quarterly Reports on Form 10-Q for the three months ended August 31, 2025, the financial statements with corrections to the errors in accounting for the Non-Reliance Period. As a result, the financial statements for the Non-Reliance Period should no longer be relied on. Similarly, any previously issued or filed reports, press releases, earnings releases, and investor presentations or other communications describing the Company's financial statements and other related financial information covering the Non-Reliance Periods should no longer be relied upon.

Management has assessed the effect of the Restatement on the Company's internal control over financial reporting and its disclosure controls and procedures. As a result of the analysis of the cause of the Restatement, the Company will continue to report a material weakness. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company's annual or interim financial statements will not be prevented or detected on a timely basis. The existence of one or more material weaknesses precludes a conclusion by management that the Company's disclosure controls and procedures and internal control over financial reporting are effective. As a result of the material weaknesses, the Company continues to believe that its internal control over financial reporting was not effective, and its disclosure controls and procedures were not effective for the Non-Reliance Periods.

The Company's management has discussed the matters disclosed in this Item 4.02 with Fruci & Associates, CPAs and M&K CPAs, the Company's former and current independent registered public accounting firms. M&K will oversee the review for the Amended Quarterly Reports on Form 10-Q for the three months ended August 31, 2025.

**Section** **9 - Financial Statements and Exhibits**

**Item 9.01 Financial Statements and Exhibits**

<u>Exhibit No.</u> <u>Document</u> <br> 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.

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| | |
|:---|:---|
|  | &nbsp;&nbsp;**PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.** |
| Date: April 21, 2026 | /s/ Tom Zapatinas |
|  | Name: Tom Zapatinas |
|  | Title: President/Chief Executive Officer |

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