---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-095403"
form_type: "8-K"
ticker: null
cik: "0001698113"
company_name: "ID Auto, Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:32:22.395092+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PARTS iD enters amended $2.3M secured note with CEO & CIO; proceeds for working capital

## Summary
- Amended note totals $2.3M: $1M from CIO Sanjiv Gomes (7.75% interest) and $1.3M from CEO Lev Peker (0% interest), maturing Dec 11, 2024.
- Note is junior secured and subordinated to Lind Global Fund II debt; proceeds used for working capital and debt repayment.
- Company states the note is intended to bridge to a possible debtor-in-possession financing facility, signaling financial distress.
- All disinterested directors and Audit Committee approved the insider transaction.

## SEC filing metadata
- accession: 0001213900-23-095403
- form_type: 8-K
- cik: 0001698113
- company_name: ID Auto, Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698113/000121390023095403/0001213900-23-095403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698113/000121390023095403/ea189896-8k_partsid.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-095403
- JSON: https://secwatch.observer/filing/0001213900-23-095403.json
- Plain text: https://secwatch.observer/filing/0001213900-23-095403.txt

## Key facts
- Debt Financings
  ID Auto, Inc. incurred debt of $2,300,000 with Sanjiv Gomes and Lev Peker at 7.75% per annum (on Gomes portion); 0% (on Peker portion) maturing December 11, 2024.
  - Principal: $2,300,000
  - Counterparty: Sanjiv Gomes and Lev Peker
  - Rate: 7.75% per annum (on Gomes portion); 0% (on Peker portion)
  - Maturity: December 11, 2024
  - Event: incurrence
  source text: The total aggregate principal amount of the Amended Note is $2,300,000. The Amended Note matures on December 11, 2024 (the “Maturity Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698113/000121390023095403/0001213900-23-095403-index.htm

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