Form 8-K
8-K — DataMeds AI, Inc.
Accession: 0001493152-26-043169
Filed: 2026-09-17
Period: 2026-09-11
CIK: 0002030763
SIC: 5122 (WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES)
Item: Other Events
Documents
8-K — form8-k.htm (Primary)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): September 11, 2026
DATAMEDS
AI, INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-42530
93-3264234
(State
or other jurisdiction of incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
3000
Bayport Drive, Suite 950, Tampa, FL
33607
(Address
of Principal Executive Offices)
(Zip
Code)
Registrant’s
telephone number, including area code: 844-203-6092
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 (see General Instruction A.2. below):
☐ 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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.0001 par value
MEDS
The
Nasdaq Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2
of the Securities Exchange Act of 1934.
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. ☐
Item
8.01 Other
Events.
On
September 11, 2026, DataMEDS AI, Inc. (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 anticipates extinguishing approximately $19 million in liability that appears on the Company’s
consolidated balance sheet.
Pursuant
to the Agreement, the parties agreed to dismiss the litigation in Florida and Delaware with prejudice and to exchange mutual releases
of claims.
1
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
DataMeds AI, Inc.
Date:
September 17, 2026
By:
/s/
Prashant Patel
Prashant
Patel, President
2
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Entity File Number
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Entity Registrant Name
DATAMEDS
AI, INC.
Entity Central Index Key
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Entity Tax Identification Number
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Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
3000
Bayport Drive
Entity Address, Address Line Two
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Entity Address, City or Town
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Entity Address, State or Province
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Local Phone Number
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