---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-018089"
form_type: "8-K"
ticker: null
cik: "0001698113"
company_name: "ID Auto, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:05:48.311356+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# PARTS iD emerges from Chapter 11; all equity cancelled; Fifth Star acquires company

## Summary
- Effective Feb 22, 2024: Plan confirmed; all common stock, options, warrants cancelled for no consideration.
- Fifth Star, Inc. acquired company as plan sponsor; over 99% of voting claims voted for Plan.
- New board: Sam Yagan sole director; Lev Peker remains CEO.
- Company to file Form 15 to deregister common stock and cease SEC reporting.
- Balance sheet strengthened; Fifth Star cash infusion to satisfy obligations and fuel growth.

## SEC filing metadata
- accession: 0001213900-24-018089
- form_type: 8-K
- cik: 0001698113
- company_name: ID Auto, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 3.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698113/000121390024018089/0001213900-24-018089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698113/000121390024018089/ea0200239-8k_idauto.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-018089
- JSON: https://secwatch.observer/filing/0001213900-24-018089.json
- Plain text: https://secwatch.observer/filing/0001213900-24-018089.txt

## Key facts
- Distress & Bankruptcy
  ID Auto, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-26).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-12-26
  source text: As previously disclosed, on February 5, 2024, the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) entered an order [Docket No. 169] confirming the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of PARTS iD, Inc. and PARTS iD, LLC [Docket No. 14] (the “Plan”). On February 22, 2024 (the “Effective Date”), ID Auto, Inc. (f/k/a PARTS iD, Inc.), a Delaware corporation (the “Company”) and its subsidiary ID Auto, LLC (f/k/a PARTS iD, LLC), a Delaware limited liability company (“PARTS iD, LLC” and together with the Company, the “Debtors”) consummated the reorganization under Chapter 11 of Title 11 of the United States Code through the transactions contemplated with Fifth Star, Inc. (the “Plan Sponsor”) and the Plan became effective.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698113/000121390024018089/0001213900-24-018089-index.htm
- Executive change
  Sam Yagan was appointed as Chairman at ID Auto, Inc..
  - Action: appointed
  - Role: Chairman
  source text: Sam Yagan will additionally serve as an officer of Reorganized PARTS iD as Chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698113/000121390024018089/0001213900-24-018089-index.htm

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