DataMeds AI Inc.

10/13/2026 | Press release | Distributed by Public on 10/13/2026 15:27

Material Event (Form 8-K)

Item 8.01 Other Events.

As of October 13, 2026, DataMEDS AI, Inc. (the "Company") confirms that its stockholders' equity is greater than $2,500,000. The transactions below resulted in the increase to the Company's stockholders' equity.

On September 11, 2026, the Company entered into a settlement agreement and release (the "Agreement") with Brian Norton, individually and as Seller Representative ("Norton"), Tony Madsen, Mark DiSiena, T. Scott Madsen, Stephen J. Madsen, RxERP, Inc. d/b/a RxERP, Nomad Capital LLC ("Nomad") and Strategix Global LLC ("Strategix") (collectively, the "Settling Parties"). Norton, Nomad and Strategix are collectively the "Selling Holders." The Company had previously filed an action against Norton, Tony Madsen, Mark DiSiena, RxERP and Nomad in state court in Florida and Brian Norton, individually and as Seller Representative, Strategix and Nomad previously had filed an action against the Company in the Court of Chancery in Delaware. Both actions concerned, among other matters, the Membership Interest Purchase Agreement dated May 11, 2023, as amended (the "MIPA"), the consideration and obligations alleged to arise under it and Company shares of common stock held by certain holders.

Pursuant to the Agreement, the Company has paid $450,000, with $350,000 attributed as aggregate consideration for the Company's repurchase and extinguishment of of 364,099 shares of Common Stock and $100,000 as consideration for the compromise and settlement of the MIPA and all other released claims.

As a result of the Agreement, the Company extinguished approximately $19 million in liability that appears on the Company's consolidated balance sheet.

In addition, on October 13, 2026, the Company entered into a license agreement with REBOOT Health AI, Inc. ("REBOOT") pursuant to which the Company licensed a care management platform to integrate into its business model. Pursuant to the Agreement, the Company issued 666,667 shares of common stock to REBOOT.

DataMeds AI Inc. published this content on October 13, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 13, 2026 at 21:27 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]