SC 13G: PAID INC

AI Summary

SC 13G filing by PAID INC.

Risk Assessment

Risk Level: low

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class o

Filing Documents

• formsc13g.htm (SC 13G) — 52KB
• 0001493152-24-043202.txt ( ) — 54KB

If this statement is filed pursuant to §§240.13d-1(b)

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with §240.13d-1(b)(1)(ii)(J). CUSIP No. 69561N402 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 887,100 (1) (b) Percent of class: 11.0% (2) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 887,100 (1) (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 887,100 (1) (iv) Shared power to dispose or to direct the disposition of 0 (1) In connection with the Amalgamation that closed on December 19, 2016 pursuant to an Amalgamation Agreement dated September 1, 2016 by and among the issuer, emergeIT, Inc., 2534845 Ontario Inc. and 2534841 Ontario Inc., the reporting person acquired the Exchangeable Shares. The Exchangeable Shares were initially exchangeable for 111,770 shares of common stock of the issuer, after giving effect to the issuer’s reverse stock split, followed by a forward stock split, effectuated on January 23, 2017, pursuant to which each 10 shares of the issuer’s common stock became one share of the issuer’s common stock. On February 24, 2020, the issuer and the reporting person entered into an Exchange Agreement, pursuant to which the parties agreed that the Exchangeable Shares would be exchanged for 890,000 shares of the issuer’s common stock. Such exchange closed on March 30, 2020, and the reporting person exchanged his Exchangeable Shares for 890,000 shares of the issuer’s common stock. Such exchange closed on March 30, 2020, and the reporting person exchanged his Exchangeable Shares for 890,000 shares of the issuer’s common stock. Also on March 30, 2020, the issuer issued 24,973 shares of common stock to the reporting person in lieu of payment of interest on certain preferred stock held by the reporting person. After giving effect to these transactions, the reporting person owned 914,973 shares o

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Instruction . Dissolution of a group requires a response to this item.

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Identification and Classification of the

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group.

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 69561N402 13G Page 5 of 5 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 10/31/2024 Date /s/ John Smith Signature John Smith/Individual Name/Title

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