{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-084809","form_type":"8-K","ticker":null,"cik":"0001698113","company_name":"ID Auto, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.090531+00:00","generated_at":"2026-06-08T09:45:56.946615+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"PARTS iD enters $1M emergency bridge loan at 7.75%, secured by litigation proceeds, as potential DIP financing","bullets":["$1M junior secured note issued to 2642186 Ontario Inc.; 7.75% interest, matures Nov 2, 2024.","Note secured by junior interest in proceeds from two pending IP litigations; subordinated to Pravati Capital litigation funding.","Loan described as emergency bridge to possible debtor-in-possession financing facility.","Proceeds to be used for working capital and repayment of current indebtedness."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-084809","json":"https://secwatch.observer/filing/0001213900-23-084809.json","markdown":"https://secwatch.observer/filing/0001213900-23-084809.md","text":"https://secwatch.observer/filing/0001213900-23-084809.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698113/000121390023084809/0001213900-23-084809-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698113/000121390023084809/ea187736-8k_partsid.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T09:45:56.946615+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":"5751cce529dc61ad87e96d945cf2c0454885e293","claim":"ID Auto, Inc. incurred loan of $1,000,000 with 2642186 Ontario Inc. at 7.75% per annum maturing November 2, 2024.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698113/000121390023084809/0001213900-23-084809-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,000,000"},{"label":"Counterparty","value":"2642186 Ontario Inc."},{"label":"Rate","value":"7.75% per annum"},{"label":"Maturity","value":"November 2, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f7570347a77badc2712609c32eef76c7c57ab0ea","claim":"ID Auto, Inc. entered into Note Purchase Agreement with 2642186 Ontario Inc. valued at $1,000,000 (effective 2023-11-02).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698113/000121390023084809/0001213900-23-084809-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"2642186 Ontario Inc."},{"label":"Value","value":"$1,000,000"},{"label":"Effective","value":"2023-11-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}