UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July~~October 515, ~~2024~~2025

PAID, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware		0-28720		73-1479833
(State or Other Jurisdiction of Incorporation		(Commission File Number)		(IRS Employer Identification No.)

225 Cedar Hill Street Suite 200 Marlborough, Massachusetts		01752
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (617) 861-6050

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Type of each Class Trading Symbol(s) Name of each exchange on which registered Common PAYD ~~None~~

Indicate by checkmark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) of Rule 12B-2 of the Securities Exchange act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

~~Item 1.01. Entry Into a Material Definitive Agreement~~ ☐

~~Effective July~~ Item 5~~, 2024, the Company entered into a financing arrangement to loan 5String Solutions, LLC, a Kansas limited liability company, up to $400,000 through December 31, 2025, not to exceed $250,000 in 2024~~.02. Departure Onof ~~July~~Directors 5,or ~~2024,~~Certain ~~the~~Officers; ~~Company~~Election ~~funded the 2024 installment~~ of ~~$250,000.~~Directors; ~~The~~Appointment ~~loan is secured by all assets~~ of ~~5String~~Certain ~~Solutions.~~Officers; ~~The~~Compensatory ~~Company~~Arrangements ~~is in a first lien position, together with subordinated noteholders in the event~~ of aCertain ~~default, including a default due to insolvency~~Officers. ~~The loan carries a 12% interest rate and matures no later than April 30, 2027.~~

~~The~~(b) On ~~Company~~October ~~is obligated~~15, ~~absent default~~2025, toDavid ~~convert~~Ogden ~~the~~resigned ~~loan~~as ~~into~~a ~~55%~~Director ofwith ~~outstanding membership interest units of 5String Solutions~~PAID, ~~and~~Inc. ~~to purchase~~ (the ~~remaining~~“Company”). ~~45%~~Mr. ofOgden’s ~~5String~~resignation ~~Solutions~~letter ~~units~~is ~~based~~attached onas aExhibit ~~valuation~~17.1. ~~formula related to a five times valuation multiple less indebtedness, calculated at the time of the purchase~~Mr. ~~The~~Ogden ~~Company~~states ~~may agree to loan additional funds~~ in ~~$50,000~~his ~~installments~~resignation ~~prior~~letter tothat ~~the~~his ~~required~~resignation ~~conversion~~is ~~for~~not ~~an additional 7% of~~ the ~~units~~result of ~~5String~~any ~~Solutions.~~disagreement ~~The~~with ~~projected purchase of~~ the ~~remaining~~Company’s ~~unconverted~~operations, ~~units~~policies isor ~~expected to occur no later than April 30, 2027~~procedures.

5String Solutions, LLC is a Kansas limited liability company that has assembled a coalition of carriers with capabilities to deliver local LTL, local parcel, hot shot, residential and white glove services, fulfillment, reverse logistics, pool distribution, zone-skipping. 5String Solutions advocates for last mile connectivity and helps companies electronically connect to existing networks.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

~~10.1 $400,000~~See ~~Convertible~~Exhibit ~~Promissory~~Index ~~Note~~attached ~~dated July 3, 2024 (executed July 5, 2024) by 5 String Solutions, LLC for the benefit of Paid, Inc~~hereto.

10.2 Security Agreement dated July 3, 2024 by and among 5String Solutions, LLC (as debtor), Paid, Inc. (as secured party and collateral agent) and certain named subordinated creditors of debtor (as additional secured parties)

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 10, 2024	By:	/s/ W. Austin Lewis, IV
	PAID, INC.
		W. Austin Lewis, IV, CEO, CFO
Date: October 16, 2025	By:	/s/ W. Austin Lewis, IV
		W. Austin Lewis, IV, President

~~Exhibit~~EXHIBIT ~~Index~~INDEX

Exhibit Number		Description
Exhibit		Description
10.1		$400,000 Convertible Promissory Note dated July 3, 2024 (executed July 5, 2024) by 5 String Solutions, LLC for the benefit of Paid, Inc.
17.1		David Ogden Letter of Resignation dated October 15,2025
10.2		Security Agreement dated July 5, 2024 by and among 5String Solutions , LLC, Paid, Inc. (as secured party and collateral agent) and named subordinated creditors (as secured parties)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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