Financing ·
Extends $5.97M forbearance agreement with Embolx through January 31, 2027
PAYDPaid Inc
Paid, Inc. extended its Forbearance and Loan Modification Agreement with Embolx, Inc., effective October 31, 2026, pushing the maturity of a $5,967,100 secured note to January 31, 2027. The extension follows previous amendments in September 2025 and August 2026 that had deferred repayment deadlines due to prior defaults. This agreement maintains the 25% interest rate on the debt while providing additional time for resolution. Paid, Inc. operates in the financial technology sector.