secwatch.observer — SEC 8-K summary
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Issuer:     ID Auto, Inc. (—)
CIK:        0001698113
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001213900-23-043577
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698113/000121390023043577/0001213900-23-043577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698113/000121390023043577/ea179221-8k_partsid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-043577

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