secwatch.observer — SEC 8-K summary
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Issuer:     PAID INC (PAYD)
CIK:        0001017655
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001437749-26-003218
Event type: m_and_a
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1017655/000143774926003218/0001437749-26-003218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1017655/000143774926003218/payd20260205_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-003218

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