Preaxia Health Care Payment Systems Inc 8-K, filed Feb 4, 2025
Preaxia Health Care Payment Systems Inc. (PAXH)
About this 8-K
Preaxia Health Care Payment Systems Inc filed this 8-K on February 4, 2025, reporting on events of January 29, 2025.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Section 8 - Other Events
Item 8.01 Other Events
On January 29, 2025, Preaxia Health Care Payment Systems, Inc. ("Preaxia") entered into a non-binding letter of intent to acquire all issued and outstanding shares of Right Inc. ("Right"), a privately-held U.S. corporation. The terms of the acquisition will involve exchanging common shares of Preaxia for shares of Right, with the valuation details still to be determined.
Preaxia and Right are poised to merge their expertise
to launch a cutting-edge, AI-powered platform for personal finance management. Right's innovative "Zane Money.com" platform integrates
various financial services—including personal budgeting, banking, payments, investments, and Health Savings Accounts (HSA)—into
a single, user-friendly system. This integration aims to enhance financial well-being by enabling users to effortlessly manage their
finances and potentially save hundreds of dollars monthly while growing their savings significantly.
The completion
of this transaction is contingent upon the satisfaction of specific terms and conditions agreed upon by both parties, with a targeted
closing within 90 days.
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: February 4, 2025 | /s/ Tom Zapatinas |
| Name: Tom Zapatinas | |
| Title: President/Chief Executive Officer |
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