{"schema_version":"secwatch.filing_event.v1","accession":"0001851734-22-000633","form_type":"8-K","ticker":"PAYD","cik":"0001017655","company_name":"PAID INC","filed_at":"2022-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.245338+00:00","generated_at":"2026-06-23T01:08:03.363535+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PAID loans $1.5M to Embolx via convertible note; gets warrant to buy Embolx shares","bullets":["PAID loans $1.5M cash; note principal $1.875M due to 20% original issue discount.","Note matures 9 months from closing; 20% annual interest accrues if unpaid.","PAID receives 5-year warrant to purchase Embolx common stock at 105% of next financing price; warrant coverage increases from 50% to 75% if note unpaid at maturity.","PAID has the right to invest up to $2M total on same terms via over-allotment option."],"urls":{"canonical":"https://secwatch.observer/filing/0001851734-22-000633","json":"https://secwatch.observer/filing/0001851734-22-000633.json","markdown":"https://secwatch.observer/filing/0001851734-22-000633.md","text":"https://secwatch.observer/filing/0001851734-22-000633.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1017655/000185173422000633/0001851734-22-000633-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1017655/000185173422000633/payd20221024_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T01:08:03.363535+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"}