Financing ·
Paid, Inc. entered into a letter agreement on August 31, 2026, extending its Forbearance Agreement with Embolx, Inc.…
PAYDPaid Inc
Paid, Inc. entered into a letter agreement on August 31, 2026, extending its Forbearance Agreement with Embolx, Inc., through October 31, 2026. This extension modifies the terms of a $5,967,100 secured note receivable that was previously in default and carries a 25% interest rate. The agreement provides Paid additional time to manage the distressed asset while maintaining its security interest in substantially all of Embolx's assets. Paid operates in the financial technology industry, providing payment processing solutions.