{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-003218","form_type":"8-K","ticker":"PAYD","cik":"0001017655","company_name":"PAID INC","filed_at":"2026-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.405543+00:00","generated_at":"2026-05-16T04:14:48.230688+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PAID, Inc. acquires 80% of Warehowz; on-demand warehousing network expands to 2,500+ facilities","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-003218","json":"https://secwatch.observer/filing/0001437749-26-003218.json","markdown":"https://secwatch.observer/filing/0001437749-26-003218.md","text":"https://secwatch.observer/filing/0001437749-26-003218.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1017655/000143774926003218/0001437749-26-003218-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1017655/000143774926003218/payd20260205_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:14:48.230688+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"}