Preaxia Health Care Payment Systems Inc.
Preaxia Health Care Payment Systems Inc.
09/12/2025 | Press release | Distributed by Public on 09/12/2025 04:02
Material Agreement, Private Placement, Management Change/Compensation (Form 8-K)
Item 1.01 - Entry into a Material Agreement
On July 1, 2025, the Company entered a Independent Contractor Agreement with Independent Analytical Research Corp.(INARE), an Alberta CA corporation, for the services of Pravel Bondarev, recognized as a dynamic and visionary executive with 15+ years of global experience leading Al, Data Science, Business Intelligence, and Digital Strategy across banking & financial services. INARE and Mr. Bondarev received stock and an employment agreement for future services.
The company formed new subsidiaries, Zane Inc CA, an Alberta corporation, on May 23, 2025 and Zane Inc US, a Nevada corporation, on September 10, 2025. Mr. Bondarev has been appointed as the CEO of both subsidiaries.
Our new subsidiaries, Zane Inc CA and Zane US Inc., will concentrate on developing and marketing personal financial tools. Zane's product philosophy centers on a fundamental belief: everyone deserves access to genius level financial guidance. Zane is building the financial operating system for Generation Z - an AI-powered super-app that not only tracks money but also actively and automatically manages it. We're creating what we call a "personal AI-banker in your pocket" - a revolutionary platform that combines the entire world's banking and financial knowledge with an intimate understanding of each user's unique situation, goals, and needs.
The platform centers around three breakthrough innovations:
| 1. | High-Interest Super Account (HISA): Eliminates boundaries between checking, savings, and investment accounts, allowing every dollar to grow at a 10% APY average while remaining instantly accessible |
| 2. | Smart Debit Card: Enforces daily spending limits based on predictive budgeting, making overspending physically impossible while building credit automatically |
| 3. | MoneyNet: A distributed financial network monitors all user accounts across every institution, automatically orchestrating fund movements to prevent overdrafts, maximize returns, and minimize fees |
Section 3
Item 3.02 - Unregistered Sales of Equity Securities.
On June 30, 2025, the majority shareholders and Bord of Directors confirmed the 2025 Stock Plan to provide up to 2,400,000 options as incentives for personnel and contractors.
On June 30, 2025, the Company president converted $1,525,577 in convertible to debt to 15,255,770 shares of common stock at $0.10 per share.
On August 20, 2025, the Company sold 800,000 shares of PreAxia common stock at $0.25 or $200,000 in a private sale.
Section 5
Item 5.02 Departure of Directors or Certain Officers: Election of Directors: Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.
Paval Bondarev was appointed to the PreAxia Board of Directors on June 30, 2025, by a vote of the majority shareholder and chairman of the Board.
Tom Zapatinas and Paul Verberne were reconfirmed as members of the board and the terms of all three directors were extended to three (3) years from July 1, 2025.
Tom Zapatinas reconfirmed a Contractor Agreement with PreAxia along with Paval Bondarev's agreement to start initially at $10,000 each per month to be accrued or paid.
Preaxia Health Care Payment Systems Inc. published this content on September 12, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 12, 2025 at 10:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]