---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-043577"
form_type: "8-K"
ticker: null
cik: "0001698113"
company_name: "ID Auto, Inc."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:09:09.894845+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Parts iD receives NYSE American deficiency notice for low stockholders' equity

## Summary
- Deficiency letter dated May 23, 2023 cites stockholders' equity below $2M and $4M thresholds with recurring losses.
- Company must submit a compliance plan by June 22, 2023; must regain compliance by November 23, 2024.
- Common stock will trade under symbol 'ID.BC' (below compliance) during the cure period.
- If delisted, company warns of reduced liquidity, market price, and ability to raise equity financing.
- Management intends to submit a plan but no assurance of acceptance or ultimate compliance.

## SEC filing metadata
- accession: 0001213900-23-043577
- form_type: 8-K
- cik: 0001698113
- company_name: ID Auto, Inc.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698113/000121390023043577/0001213900-23-043577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698113/000121390023043577/ea179221-8k_partsid.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-043577
- JSON: https://secwatch.observer/filing/0001213900-23-043577.json
- Plain text: https://secwatch.observer/filing/0001213900-23-043577.txt

## Key facts
- Listing & Compliance Notices
  ID Auto, Inc. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(i), 1003(a)(ii)).
  - Exchange: nyse american
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 1003(a)(i), 1003(a)(ii)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698113/000121390023043577/0001213900-23-043577-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.