Paid, Inc. (PAYD)

[RockyW]

8-K 1 payd8k_dec192016.htm FORM 8-K
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): December 19, 2016
PAID, Inc.
(Exact Name of Registrant as Specified in Charter)

Item 2.01 Completion of Acquisition or Disposition of Assets.
In September 2016, the Company announced that it entered into an Amalgamation Agreement (the “Amalgamation Agreement”) with
emergeIT Inc., an Ontario corporation, which does business as “ShipTime” (“emergeIT” or “ShipTime”) to acquire emergeIT and two new PAID
subsidiaries. emergeIT is a leading cloud based shipping platform bringing individuals small and medium sized businesses together with many of
the world’s leading carriers to save time and money. A copy of the Amalgamation Agreement is set forth as Exhibit 10.1. The Closing for the
Amalgamation Agreement occurred on December 19, 2016, and the amalgamation will be effective on December 30, 2016.