PAID, Inc. acquires 80% of Warehowz; on-demand warehousing network expands to 2,500+ facilities

PAID INC

PAID subsidiary ShipTime acquires 80% interest in Warehowz; consideration includes $102K debt repayment in restricted stock and $75K convertible note paydown.
Warehowz had 2025 revenue of ~$428K and net loss of ~$79.8K; earnout pays 8.5% of net revenue plus 40% of net income for 12 months ended Dec 2026 and 2027.
Earnout payments due April 15, 2027 and April 15, 2028, subject to offset for indemnity claims and unassumed liabilities.
Warehowz operates a network of over 2,500 warehouses across the U.S. and Canada, enabling on-demand fulfillment and storage.
Acquisition aligns with ShipTime's strategy to serve enterprise shippers with integrated logistics including FedEx, UPS, USPS, and DHL.

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