---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-090229"
form_type: "8-K"
ticker: null
cik: "0001698113"
company_name: "ID Auto, Inc."
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:31:10.851973+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PARTS iD defaults on Lind Note after missing 10-Q filing; NYSE American issues non-compliance notice

## Summary
- 10-Q Reporting Default (missed Nov 20 due date) triggers Event of Default under $5.37M Lind secured convertible note.
- Lind may demand 110% of outstanding principal or convert at 80% of 3 lowest VWAPs in prior 20 trading days.
- NYSE American gave notice of non-compliance; company has six-month cure period to file Q3 10-Q.
- No immediate delisting, but company may not regain compliance; additional six-month cure at NYSE's discretion.

## SEC filing metadata
- accession: 0001213900-23-090229
- form_type: 8-K
- cik: 0001698113
- company_name: ID Auto, Inc.
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04, 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698113/000121390023090229/0001213900-23-090229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698113/000121390023090229/ea189014-8k_partsid.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-090229
- JSON: https://secwatch.observer/filing/0001213900-23-090229.json
- Plain text: https://secwatch.observer/filing/0001213900-23-090229.txt

## Key facts
- Debt Financings
  ID Auto, Inc. reported a default on convertible notes of $5,367,500 with Lind Global Fund II LP.
  - Instrument: convertible notes
  - Principal: $5,367,500
  - Counterparty: Lind Global Fund II LP
  - Event: default
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698113/000121390023090229/0001213900-23-090229-index.htm
- Listing & Compliance Notices
  ID Auto, Inc. received a nyse_american noncompliance notice notice regarding late filing (rules 1007).
  - Exchange: nyse american
  - Notice: noncompliance notice
  - Deficiency: late filing
  - Rules: 1007
  source text: 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. In accordance with Section 1007 of the NYSE American Company Guide, the Company will have six months from the date of the Notice (the “Initial Cure Period”), to file the Form 10-Q with the Securities and Exchange Co
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698113/000121390023090229/0001213900-23-090229-index.htm

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