Every 8-K that Paid (PAYD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PAYD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAYD filings page.
PAID INC (PAYD) reports a series of modifications and extensions to its secured convertible note investment in Embolx, Inc. The Company initially purchased a secured $1,875,000 convertible note at a 20% original issue discount with a 9‑month maturity and a potential total investment of up to $2,000,000 plus a $500,000 over‑allotment option.
After the note went into default, default penalties and interest generated $578,425 of other income for the year ended December 31, 2023. In March 2024, the note was amended and increased by $500,000 with a 25% original issue discount, and later placed under a Forbearance and Loan Modification Agreement. That agreement now covers a note of $5,967,100 at a 25% interest rate, with the forbearance period most recently extended by letter agreement on August 31, 2026 through October 31, 2026.
Paid Inc. reported the appointment of freight technology veteran Lance Healy to its Board of Directors to fill a recent vacancy. Healy brings more than 30 years of experience in freight technology, carrier connectivity, and logistics data intelligence, supporting the company’s ShipTime logistics platform.
Healy has been appointed as a Class I director and will serve through April 17, 2029, unless a successor is elected earlier or he departs. As compensation, he will receive $10,000 per year and an option to purchase 20,000 shares of common stock annually. He currently serves as Co-Founder and CEO of Freight Facts and previously co-founded Banyan Technology.
Paid, Inc. reported that, effective January 30, 2026, it acquired approximately an 80% ownership stake in Warehowz, Inc., a U.S. on‑demand warehousing and fulfillment marketplace.
As part of the deal, Paid will repay about $102,000 of Warehowz indebtedness around February 28, 2026 in shares of its restricted common stock, priced using the prior 30‑day average, and will also pay off an additional $75,000 convertible note within 120 days of closing.
After certain costs and debts are deducted, former Warehowz shareholders who sold their shares will receive two earnout payments based on their former ownership percentages, equal to 8.5% of net revenue plus 40% of net income for each of the 12‑month periods ended December 31, 2026 and 2027, with cash due on April 15, 2027 and April 15, 2028 and subject to offsets for indemnity claims and unassumed liabilities.
Warehowz generated approximately $428,000 in revenue and a net loss of about $79,800 in 2025. A related press release explains that the acquisition is intended to expand ShipTime Canada Inc. (a Paid subsidiary) across North America by combining ShipTime’s shipping technology with Warehowz’s network of more than 2,500 warehouses, aiming to offer integrated warehousing, fulfillment, and delivery solutions for merchants and enterprise shippers.
PAID, Inc. reported a board change: Director David Ogden resigned on October 15, 2025. In his resignation letter, he stated the decision was not the result of any disagreement with the company’s operations, policies, or procedures.
The company filed the resignation letter as Exhibit 17.1 with the report. No other management or operational changes were disclosed in this filing.