{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-022663","form_type":"8-K","ticker":"PAYD","cik":"0001017655","company_name":"PAID INC","filed_at":"2024-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.897176+00:00","generated_at":"2026-05-31T20:54:50.948189+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PAID, Inc. loans $400K to 5String Solutions at 12%; convertible to 55% ownership, with option to buy remaining 45%","bullets":["Funded $250K initial advance on July 5, 2024; remaining $150K available by July 2025.","Loan converts into 55% of 5String's membership units at maturity; additional $150K could give PAID up to 76%.","PAID obligated to purchase remaining 45% units by April 2027 based on 5x EBITDA less debt.","Loan secured by all 5String assets; PAID first lien with subordinated noteholders.","Prior $50K loan rolled into this note; interest waived if EBITDA >= $300K."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-022663","json":"https://secwatch.observer/filing/0001437749-24-022663.json","markdown":"https://secwatch.observer/filing/0001437749-24-022663.md","text":"https://secwatch.observer/filing/0001437749-24-022663.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1017655/000143774924022663/0001437749-24-022663-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1017655/000143774924022663/payd20240711_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T20:54:50.948189+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}