ID Auto, Inc. Form 8-K: Current report
Filings on SEC EDGAR, newest first; amendments sit with their base form. Values are as filed.
- 2023-12-27: Form 8-K; Period of report 2023-12-21; Description 4.01 Changes in Registrant's Certifying Accountant; Details 4.01.
- 2023-12-26: Form 8-K; Period of report 2023-12-19; Description 1.01 Entry into a Material Definitive Agreement; 1.03 Bankruptcy or Receivership; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement; Details 1.01.
- 2023-12-13: Form 8-K; Period of report 2023-12-11; Description 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Details 1.01.
- 2023-12-06: Form 8-K; Period of report 2023-11-30; Description 1.01 Entry into a Material Definitive Agreement; Details 1.01.
| Filed | Form | Period of report | Description | Details | Document |
|---|---|---|---|---|---|
| 2023-12-27 | 8-K | 2023-12-21 | 4.01 Changes in Registrant's Certifying Accountant | 4.01 On December 21, 2023, WithumSmith+Brown, PC (“Withum”) resigned as the independent registered public accounting firm of PARTS iD, Inc., a Delaware corporation (the “Company”). | ea190624-8k_partsid.htm |
| 2023-12-26 | 8-K | 2023-12-19 | 1.01 Entry into a Material Definitive Agreement; 1.03 Bankruptcy or Receivership; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement | 1.01 The information set forth under the caption “Bridge Loan / DIP Credit Agreement” in Item 1.03 of this Current Report on Form 8-K is incorporated herein by reference. 1.03 On December 19, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) and its subsidiary PARTS iD, LLC, a Delaware limited liability company (“PARTS iD, LLC and together with the Company, the “Debtors”) entered into a Credit Agreement (the “Credit Agreement”) with Fifth Star, Inc., a Delaware corporation (“Fifth Star”, and its various capacities, the “New Bridge Lender”, the “New Money DIP Lender”, the “Administrative Agent” and the “Plan Sponsor”) to which certain Roll-Up DIP Lenders (as defined therein) have joined the Credit agreement by execution of a Roll-Up Dip Lender supplement . 2.03 The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K regarding the Credit Agreement is incorporated by reference herein. 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off- Balance Sheet Arrangement. | ea190552-8k_partsid.htm |
| 2023-12-13 | 8-K | 2023-12-11 | 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant | 1.01 As previously disclosed, on October 20, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Note Purchase Agreement (the “Unsecured Purchase Agreement”) whereby the Company agreed to issue and sell to Sanjiv Gomes, the Company’s Chief Information Officer, in a private placement, an unsecured promissory note in the aggregate principal amount of $1,000,000 (the “Unsecured Note”). 2.03 The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K regarding the issuances of the Amended Note is incorporated by reference herein. | ea189896-8k_partsid.htm |
| 2023-12-06 | 8-K | 2023-11-30 | 1.01 Entry into a Material Definitive Agreement | 1.01 On November 30, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Purchase and Sale of Future Receivables Agreement (the “Riverside Agreement”) with Riverside Capital NY (“RCNY”). | ea189575-8k_partsid.htm |
| 2023-11-27 | 8-K | 2023-11-20 | 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement; 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; 8.01 Other Events | 2.04 As previously disclosed in the Current Report on Form 8-K filed by PARTS iD, Inc., a Delaware corporation (the “Company”) on July 17, 2023, the Company entered into a Securities Purchase Agreement (as amended “the Lind Purchase Agreement”) with Lind Global Fund II LP (“Lind”) pursuant to which the Company issued and sold, in a private placement, (A) a senior secured convertible promissory note in the aggregate principal amount of $5,367,500 (the “Lind Note”) and (B) 12,837,838 warrants to purchase shares of the Company’s Class A common stock (the “Common Stock”) at an exercise price of $0.50 per share (the “Lind Warrant”). 3.01 On November 21, 2023, the Company received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the NYSE American’s continued listing standards because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter September 30, 2023 (the “Form 10-Q”), which was due on November 20, 2023. 8.01 On November 27, 2023, in accordance with the NYSE American’s procedures, the Company issued a press release discussing the matters disclosed in Item 3.01 above. | ea189014-8k_partsid.htm |
| 2023-11-08 | 8-K | 2023-11-02 | 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant | 1.01 On November 2, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Note Purchase Agreement (the “Purchase Agreement”) whereby the Company agreed to issue and sell to 2642186 Ontario Inc. (“Ontario”), in a private placement, a junior secured promissory note in the aggregate principal amount of $1,000,000 (the “Note”). 2.03 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03. | ea187736-8k_partsid.htm |
| 2023-11-03 | 8-K | 2023-10-30 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On October 30, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) entered into an interim officer engagement agreement (the “Engagement Agreement”) with SRV Partners, LLC, a Delaware limited liability company (“SRVP”). | ea187692-8k_partsid.htm |
| 2023-11-02 | 8-K | 2023-10-27 | 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; 8.01 Other Events | 3.01 On October 27, 2023 PARTS iD, Inc., a Delaware corporation (the “Company”) received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (“Section 1003(f)(v)”) because the shares of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”) have been selling for a substantial period of time at a low price per share. 8.01 On November 2, 2023, in accordance with the NYSE American’s procedures, the Company issued a press release discussing the matters disclosed in Item 3.01 above. | ea187600-8k_partsid.htm |
| 2023-10-26 | 8-K | 2023-10-20 | 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant | 1.01 On October 20, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Note Purchase Agreement (the “Unsecured Purchase Agreement”) whereby the Company agreed to issue and sell to Sanjiv Gomes, the Company’s Chief Information Officer, in a private placement, an unsecured promissory note in the aggregate principal amount of $1,000,000 (the “Unsecured Note”). 2.03 The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K regarding the issuances of the Unsecured Note and the Secured Note is incorporated by reference herein. | ea187097-8k_partsid.htm |
| 2023-10-13 | 8-K | 2023-10-09 | 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities | 1.01 On October 9, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Note Purchase Agreement (the “Purchase Agreement”) whereby the Company agreed to issue and sell to Lev Peker, the Chief Executive Officer and a director of the Company, in a private placement a junior secured convertible promissory note in the aggregate principal amount of $1.1 million (the “Convertible Note”). 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. | ea186731-8k_partsid.htm |
| 2023-10-11 | 8-K | 2023-10-04 | 1.01 Entry into a Material Definitive Agreement; 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 1.01 On October 6, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) and its subsidiary, PAARTS iD, LLC, a Delaware limited liability company, entered into a definitive Restructuring Support Agreement (the “RSA”) to restructure the Company’s indebtedness with certain of its trade vendors (the “Consenting Vendors”). 5.02 On October 4, 2023, James Doss, the Company’s Chief Financial Officer (“CFO”) notified the Company that he will be resigning as the CFO and principal financial officer of the Company for personal reasons, effective November 20, 2023. | ea185750-8k_partsidinc.htm |
| 2023-10-05 | 8-K | 2023-09-29 | 1.01 Entry into a Material Definitive Agreement; 5.07 Submission of Matters to a Vote of Security Holders | 1.01 On September 29, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) and its subsidiary, PAARTS iD, LLC, a Delaware limited liability company, entered into a Litigation Funding Agreement (the “Funding Agreement”) with Pravati Capital, LLC (the “Funder”) for the purpose of funding the Company’s currently pending litigation matters (i) in the District of Massachusetts and captioned as Parts iD, Inc. v. 5.07 On October 5, 2023, the Company held a Special Meeting of Stockholders (the “Special Meeting”). | ea186124-8k_partsid.htm |
| 2023-09-28 | 8-K | 2023-09-28 | 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events | 5.07 The information disclosed in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference. 8.01 On September 28, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) convened its special meeting of stockholders to approve, for purposes of complying with Section 713(a)(ii) of the NYSE American LLC Company Guide, the potential issuance of shares of the Company’s Class A common stock (the “Common Stock”) underlying convertible notes and warrants issued by the Company pursuant to the terms of that certain Securities Purchase Agreement, dated July 14, 2023, as amended, by and between the Company and Lind Global Fund II, LP, that ultimately may equal an amount that is 20% or more of the presently outstanding Common Stock for less than the greater of book or market value of the stock (the “Special Meeting”). | ea185936-8k_partsidinc.htm |
| 2023-09-21 | 8-K | 2023-09-21 | 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events | 5.07 The information disclosed in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference. 8.01 On September 21, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) convened its special meeting of stockholders to approve, for purposes of complying with Section 713(a)(ii) of the NYSE American LLC Company Guide, the potential issuance of shares of the Company’s Class A common stock (the “Common Stock”) underlying convertible notes and warrants issued by the Company pursuant to the terms of that certain Securities Purchase Agreement, dated July 14, 2023, as amended, by and between the Company and Lind Global Fund II, LP, that ultimately may equal an amount that is 20% or more of the presently outstanding Common Stock for less than the greater of book or market value of the stock (the “Special Meeting”). | ea185528-8k_partsidinc.htm |
| 2023-09-15 | 8-K | 2023-09-11 | 1.01 Entry into a Material Definitive Agreement | 1.01 On September 11, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Purchase and Sale of Future Receivables Agreement (the “Riverside Agreement”) with Riverside Capital NY (“RCNY”). | ea184638-8k_partsidinc.htm |
| 2023-08-25 | 8-K | 2023-08-25 | 8.01 Other Events | 8.01 PARTS iD, Inc., a Delaware corporation (the “Company”) has entered into discussions with an affiliate for the purposes of providing a loan of up to $1.5 million to the Company. | ea184254-8k_partsidinc.htm |
| 2023-08-18 | 8-K | 2023-08-18 | 1.01 Entry into a Material Definitive Agreement | 1.01 As previously disclosed, on July 14, 2023 (the “Initial Closing Date”), PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Securities Purchase Agreement (as amended, the “Lind Purchase Agreement”) with Lind Global Fund II LP (“Lind”) to provide for loans in an aggregate principal amount of up to $10 million under various tranches. | ea183891-8k_partsidinc.htm |
| 2023-08-14 | 8-K | 2023-08-08 | 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; 8.01 Other Events | 3.01 As previously disclosed, on May 23, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”) received a letter from the NYSE American (the “Exchange”) stating that the Company was not in compliance with Sections 1003(a)(i) and 1003(a)(ii), respectively, of the Exchange Company Guide. 8.01 On August 14, 2023, in accordance with the Exchange’s procedures, the Company issued a press release discussing the matters disclosed in Item 3.01 above. | ea183487-8k_partsidinc.htm |
| 2023-08-11 | 8-K/A | 2023-07-13 | 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 8.01 Other Events | 1.01 On July 14, 2023 (the “Initial Closing Date”), PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Securities Purchase Agreement (the “Lind Purchase Agreement”). 1.02 As previously disclosed, the Company entered into that certain Loan and Security Agreement, dated as of October 21, 2022, as amended by that Amendment to Loan and Security Agreement, dated as of February 22, 2023 and as further amended by that Second Amendment to Loan and Security Agreement, dated as of June 16, 2023 (collectively, the “JGB Loan Agreement”), with JGC Capital, LP (“JGB Capital”), JGB Partners, LP (“JGB Partners”) and JGB (Cayman) Glenegedale Ltd. (“JGB Cayman” and collectively with JGB Capital and JGB Partners, the “Lenders”) and JGB Collateral, LLC, in its capacity as collateral agent for the Lenders (the “Agent”). 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. 8.01 On July 17, 2023, the Company issued a press release announcing the consummation of the Lind Financing and the Note Offering. | ea183320-8ka1_partsid.htm |
| 2023-08-08 | 8-K | 2023-07-17 | 8.01 Other Events | 8.01 As previously disclosed, in connection with the transactions contemplated by that certain Loan and Security Agreement, dated as of October 21, 2022, as amended by that Amendment to Loan and Security Agreement, dated as of February 22, 2023 and as further amended by that Second Amendment to Loan and Security Agreement, dated as of June 16, 2023 (collectively, the “JGB Loan Agreement”), with JGC Capital, LP (“JGB Capital”), JGB Partners, LP (“JGB Partners”) and JGB (Cayman) Glenegedale Ltd. (“JGB Cayman” and collectively with JGB Capital and JGB Partners, the “Lenders”) and JGB Collateral, LLC, in its capacity as collateral agent for the Lenders (the “Agent”), PARTS iD, Inc., a Delaware corporation (the “Company”) issued to the Lenders a warrant (the “Warrant”) to purchase 1,000,000 shares of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”). | ea182535-8k_partsidinc.htm |
| 2023-08-03 | 8-K | 2023-08-02 | 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events | 1.01 As previously disclosed, on July 14, 2023 (the “Initial Closing Date”), PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Securities Purchase Agreement (the “Lind Purchase Agreement”) with Lind Global Fund II LP (“Lind”) to provide for loans in an aggregate principal amount of up to $10 million under various tranches. 8.01 As previously disclosed, in light of the Company’s near-term liquidity needs, the Company has been continuing its ongoing discussions with its key vendors to work out revised credit terms. | ea182771-8k_partsidinc.htm |
| 2023-07-17 | 8-K | 2023-07-13 | 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 8.01 Other Events | 1.01 On July 14, 2023 (the “Initial Closing Date”), PARTS iD, Inc., a Delaware corporation (the “Company”) entered into a Securities Purchase Agreement (the “Lind Purchase Agreement”). 1.02 As previously disclosed, the Company entered into that certain Loan and Security Agreement, dated as of October 21, 2022, as amended by that Amendment to Loan and Security Agreement, dated as of February 22, 2023 and as further amended by that Second Amendment to Loan and Security Agreement, dated as of June 16, 2023 (collectively, the “JGB Loan Agreement”), with JGC Capital, LP (“JGB Capital”), JGB Partners, LP (“JGB Partners”) and JGB (Cayman) Glenegedale Ltd. (“JGB Cayman” and collectively with JGB Capital and JGB Partners, the “Lenders”) and JGB Collateral, LLC, in its capacity as collateral agent for the Lenders (the “Agent”). 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. 8.01 On July 17, 2023, the Company issued a press release announcing the consummation of the Lind Financing and the Note Offering. | ea181866-8k_partsidinc.htm |
| 2023-07-12 | 8-K | 2023-07-11 | 5.07 Submission of Matters to a Vote of Security Holders | 5.07 The following nominees were elected to serve as Class II directors for a two-year term expiring at the 2025 Annual Meeting of Stockholders and until his successor is elected and qualified, or his earlier death, resignation or removal. | ea181633-8k_partsid.htm |
| 2023-06-20 | 8-K | 2023-06-14 | 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities | 1.01 On June 14, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”), entered into a Note and Warrant Purchase Agreement (the “Purchase Agreement”) whereby the Company agreed to issue and sell to an investor (the “Purchaser”), in a private placement, (i) an unsecured convertible promissory note (the “Convertible Note”) in the aggregate principal amount of $250,000 and (ii) a warrant to purchase an aggregate of 694,444 shares of the Company’s Class A common stock (the “Common Stock”), at an exercise price of $0.36 per share (the “Warrant”). 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. | ea180513-8k_partsid.htm |
| 2023-05-26 | 8-K | 2023-05-23 | 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing | 3.01 On May 23, 2023, Parts iD, Inc., a Delaware corporation (the “Company”) received a letter (the “Deficiency Letter”) from the staff of the NYSE American (the “Exchange”) indicating that the Company does not meet certain of the Exchange’s continued listing standards as set forth in Section 1003(a)(i) and (ii) of the Exchange Company Guide in that the Company has stockholders’ equity of less than $2,000,000 and have incurred losses from continuing operations and/or net losses during two out of three of the Company’s most recent fiscal years, and that the Company has stockholders’ equity of less than $4,000,000 and have incurred losses from continuing operations and/or net losses during three out of four of the Company’s most recent fiscal years. | ea179221-8k_partsid.htm |
| 2023-05-22 | 8-K | 2023-05-19 | 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities | 1.01 On May 19, 2023, PARTS iD, Inc., a Delaware corporation (the “Company”), entered into a Note and Warrant Purchase Agreement (the “Purchase Agreement”) whereby the Company agreed to issue and sell to certain investors (the “Purchasers”), in a private placement, (i) unsecured convertible promissory notes (the “Convertible Notes”) in the aggregate principal amount of $1,000,000 and (ii) an aggregate of 2,083,333 warrants to purchase shares of the Company’s Class A common stock (the “Common Stock”), at an exercise price of $0.48 per share (the “Warrants”). 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. | ea178949-8k_partsid.htm |
| 2023-04-27 | 8-K | 2023-04-25 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 8.01 Other Events | 5.02 Effective April 25, 2023 (the “Effective Date”), Lev Peker was appointed by the Board of Directors (the “Board”) of PARTS iD, Inc., a Delaware corporation (the “Company”) as the Company’s Chief Executive Officer and principal executive officer. 8.01 On April 26, 2023, the Company issued a press release announcing the appointment of Lev Peker as the Company’s Chief Executive Officer. | ea177470-8k_partsid.htm |
| 2023-03-06 | 8-K | 2023-03-06 | 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities | 1.01 On March 6, 2023 (the “Initial Closing Date”), PARTS iD, Inc., a Delaware corporation (the “Company”), entered into a Note and Warrant Purchase Agreement (the “Purchase Agreement”) whereby the Company agreed to issue and sell to certain investors (collectively, the “Investors”), in a private placement, (i) an aggregate principal amount of up to $10 million in junior secured convertible promissory notes (the “Convertible Notes”) and (ii) an aggregate of up to two million warrants to purchase the Company’s common stock at an exercise price of $0.50 per share (the “Warrants”), in one or more closings pursuant to the terms of the Purchase Agreement. 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. | ea174615-8k_partsid.htm |
| 2023-02-23 | 8-K | 2023-02-16 | 1.01 Entry into a Material Definitive Agreement; 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement; 3.02 Unregistered Sales of Equity Securities; 8.01 Other Events | 1.01 On February 16, 2023, the Company received correspondence from JGB Collateral, LLC, a Delaware limited liability company (the “Agent”) constituting its assertion of a notice of events of default and reservation of rights (the “Notice of Default”) under that certain Loan and Security Agreement, dated as of October 21, 2022 (the “Loan Agreement”), by and among the Company, its subsidiaries, the Agent and certain lenders party thereto (collectively, the “Lender”). 2.04 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.04. 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. 8.01 On February 21, 2023, the Company held a virtual town hall with certain of its key vendors to provide updates on recent events at the Company. | ea174128-8k_partsid.htm |
| 2023-02-21 | 8-K | 2023-02-16 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On February 16, 2023, Antonino Ciappina, the Chief Executive Officer (“CEO”) of PARTS iD, Inc., a Delaware corporation (the “Company”), notified the Company that he will be resigning as the CEO and principal executive officer of the Company for personal reasons, effective February 17, 2023. | ea174001-8k_partsid.htm |
| 2023-02-08 | 8-K | 2023-02-06 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 8.01 Other Events | 5.02 On February 6, 2023, Richard White notified Parts iD, Inc., a Delaware corporation (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”), effective immediately. 8.01 Effective immediately, the Company is implementing a restructuring plan approved by the Board to streamline its operations in light of its current liquidity needs and financial condition. | ea172949-8k_partsid.htm |
| 2023-02-07 | 8-K | 2023-02-06 | 8.01 Other Events | 8.01 As previously disclosed, PARTS iD, Inc., a Delaware corporation (the “Company”) had a working capital deficiency of approximately $36.7 million as of September 30, 2022, and has continued to experience declining revenues. | ea172770-8k_partsid.htm |
| 2023-01-17 | 8-K | 2023-01-13 | 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events | 1.01 Entry into a Material Definitive Agreement. 8.01 On January 17, 2023, the Company issued a press release announcing the engagement of Canaccord Genuity, Inc., as its advisor, in connection with the exploration and evaluation of strategic alternatives. | ea171694-8k_partsid.htm |
| 2023-01-06 | 8-K | 2022-12-31 | 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement | 2.04 As previously disclosed on a Current Report on Form 8-K filed with the SEC on October 26, 2022, on October 21, 2022 (the “Closing Date”), PARTS iD, Inc. (the “Company”) entered into a Loan and Security Agreement (the “Loan Agreement”) with JGB Collateral, LLC, a Delaware limited liability company, in its capacity as collateral agent (the “Agent”) and the several financial institutions or entities that from time to time become parties to the Loan Agreement as lenders (collectively, the “Lender”). | ea171357-8k_partsid.htm |