---
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"
generated_at: "2026-05-16T04:14:48.230688+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-003218
- JSON: https://secwatch.observer/filing/0001437749-26-003218.json
- Plain text: https://secwatch.observer/filing/0001437749-26-003218.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.