secwatch.observer — SEC 8-K summary
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Issuer:     ID Auto, Inc. (—)
CIK:        0001698113
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001213900-24-018089
Event type: other_material
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.03, 3.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698113/000121390024018089/0001213900-24-018089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698113/000121390024018089/ea0200239-8k_idauto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-018089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer