0001213900-24-016231.txt : 20240222
0001213900-24-016231.hdr.sgml : 20240222
20240222173227
ACCESSION NUMBER: 0001213900-24-016231
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240222
FILED AS OF DATE: 20240222
DATE AS OF CHANGE: 20240222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Peker Lev
CENTRAL INDEX KEY: 0001761840
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38296
FILM NUMBER: 24666307
MAIL ADDRESS:
STREET 1: US AUTO PARTS
STREET 2: 16941 KEEGAN AVENUE
CITY: CARSON
STATE: CA
ZIP: 90746
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PARTS iD, Inc.
CENTRAL INDEX KEY: 0001698113
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 813674868
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1308 RACE STREET, SUITE 200
CITY: CINCINNATI
STATE: OH
ZIP: 45202
BUSINESS PHONE: 513-618-7161
MAIL ADDRESS:
STREET 1: 1308 RACE STREET, SUITE 200
CITY: CINCINNATI
STATE: OH
ZIP: 45202
FORMER COMPANY:
FORMER CONFORMED NAME: Legacy Acquisition Corp.
DATE OF NAME CHANGE: 20170214
4
1
ownership.xml
X0508
4
2024-02-22
1
0001698113
PARTS iD, Inc.
ID
0001761840
Peker Lev
1 CORPORATE DRIVE
SUITE C
CRANBURY
NJ
08512
1
0
0
0
0
Class A Common Stock
2024-02-22
4
D
0
1526582
0
A
0
D
Warrant (Right to Purchase)
0.48
2024-02-22
4
D
0
1562500
D
Class A Common Stock
1562500
0
D
Warrant (Right to Purchase)
0.5
2024-02-22
4
D
0
50000
D
Class A Common Stock
50000
0
D
Warrant (Right to Purchase)
0.42
2024-02-22
4
D
0
4761904
D
Class A Common Stock
4761904
0
D
Convertible Notes
2024-02-22
4
J
0
250000
250000
D
Class A Common Stock
0
D
Convertible Notes
2024-02-22
4
J
0
750000
750000
D
Class A Common Stock
0
D
Convertible Notes
2024-02-22
4
J
0
2000000
2000000
D
Class A Common Stock
0
D
On December 26, 2023, PARTS iD, Inc. (the "Issuer") and certain subsidiary PARTS iD, LLC (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On February 5, 2024, the Bankruptcy Court entered an order confirming the Debtors' Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the "Plan"), and on February 22, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.
On the Effective Date, all of the Company's previously outstanding shares of Class A common stock, including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
Includes 1,500,000 unvested restricted stock units.
In accordance with the Plan approved by the Bankruptcy Court, as a holder of Subordinated Secured Note Claims (as defined in the Plan), Mr. Peker will be entitled to receive two (2) of the following, provided, however, that no holder of a Subordinated Secured Note Claim will receive, in the aggregate, more than 100% of amount of such holder's Subordinated Secured Note Claim: (A) payment in cash of 55% of such Subordinated Secured Note Claim, (B) such holder's pro rata share from the net recoveries (after payments of fees, litigation financing and taxes) from the Litigation Proceeds (as defined in the Plan) and (C) payment in cash upon the achievement of an EBITDA target to be agreed between the Plan Sponsor (as defined in the Plan) and the Debtors.
In accordance with the Plan approved by the Bankruptcy Court, unsecured note claims were discharged and received no distribution under the Plan.
/s/ Lev Peker
2024-02-22