{"schema_version":"secwatch.filing_event.v1","accession":"0001013762-23-006984","form_type":"8-K","ticker":null,"cik":"0001698113","company_name":"ID Auto, Inc.","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.089896+00:00","generated_at":"2026-06-09T08:38:58.498177+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PARTS iD issues $1M subordinated note to CIO at 7.75%; emergency loan to bridge to DIP","bullets":["$1M unsecured promissory note issued to CIO Sanjiv Gomes on Oct 20, 2023 at 7.75% interest, maturing Oct 20, 2024.","Note subordinated to Lind Global Fund II LP debt and Pravati Capital litigation funding; intended as emergency bridge to possible DIP financing.","Proceeds used for working capital and repayment of current indebtedness.","Transaction approved by disinterested directors and Audit Committee; exempt from registration under Section 4(a)(2)."],"urls":{"canonical":"https://secwatch.observer/filing/0001013762-23-006984","json":"https://secwatch.observer/filing/0001013762-23-006984.json","markdown":"https://secwatch.observer/filing/0001013762-23-006984.md","text":"https://secwatch.observer/filing/0001013762-23-006984.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698113/000101376223006984/0001013762-23-006984-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698113/000101376223006984/ea187097-8k_partsid.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T08:38:58.498177+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d53b1becef9080e37b604356548c530c5bd61cd7","claim":"ID Auto, Inc. incurred loan of $1,000,000 with Sanjiv Gomes at 7.75% per annum, compounded semi-annually maturing October 20, 2024.","evidence_excerpt":"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”). The Unsecured Note bears interest at the rate of 7.75% per annum, compounded semi-annually, and matures on October 20, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698113/000101376223006984/0001013762-23-006984-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,000,000"},{"label":"Counterparty","value":"Sanjiv Gomes"},{"label":"Rate","value":"7.75% per annum, compounded semi-annually"},{"label":"Maturity","value":"October 20, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}