Home / Restatements / PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.

5/5PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. (PAXH): Non-reliance / restatement

Filed 2026-04-21 路 Form 8-K 路 Accession 0001079973-26-000518 nano

Market data

Price before filing: $0.22 (2026-04-20 close, split/dividend-adjusted)
Market cap at flag: $9.7M (2026-04-21) 路 Latest: $10.4M (2026-10-12)

What happened next

WindowPAXHSPYvs SPY
30 days+0.0%+4.8%-4.8%2026-05-21
90 days+0.0%+5.0%-5.0%2026-07-20
180 dayspendingpendinguntil 2026-10-18

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"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."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change, Going-concern doubt

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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