0001213900-23-018279.txt : 20230307
0001213900-23-018279.hdr.sgml : 20230307
20230307170047
ACCESSION NUMBER: 0001213900-23-018279
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230306
FILED AS OF DATE: 20230307
DATE AS OF CHANGE: 20230307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RIGAUD EDWIN
CENTRAL INDEX KEY: 0001179761
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38296
FILM NUMBER: 23713439
MAIL ADDRESS:
STREET 1: 3639 VINEYARD PLACE
CITY: CINCINNATI
STATE: OH
ZIP: 45226
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PARTS iD, Inc.
CENTRAL INDEX KEY: 0001698113
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311]
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
OWNERSHIP DOCUMENT
X0306
4
2023-03-06
0
0001698113
PARTS iD, Inc.
ID
0001179761
RIGAUD EDWIN
1 CORPORATE DRIVE
SUITE C
CRANBURY
NJ
08512
1
0
0
0
Warrant (Right to Purchase)
0.50
2023-03-06
4
A
0
80000
A
2023-03-06
2028-03-06
Class A Common Stock
80000
80000
D
Convertible Notes
2023-03-06
4
A
0
400000
400000
A
2025-03-06
Class A Common Stock
400000
D
The warrants were received in consideration for the loans forwarded by Mr. Rigaud and which are evidenced by the convertible promissory notes (the "Convertible Notes").
The Convertible Notes accrue interest at 7.75% per annum, compounded semi-annually and such interest may be paid at the option of PARTS iD, Inc. (the "Company") either in cash or common stock. Upon the Company's sale and issuance of equity or equity-linked securities pursuant to which the Company receives aggregate gross proceeds of at least $3 million (a "Qualified Equity Financing"), the Convertible Notes are mandatorily convertible into shares of such equity securities sold in the Qualified Equity Financing. The Company may, at its option, redeem the Convertible Notes for cash, in full or in part, if the Convertible Notes have not otherwise been converted within 180 days of the date of issuance. In addition, upon a Change of Control (as defined in the Convertible Notes) of the Company, the Convertible Notes shall be repaid in full at or before the closing of such transaction in cash. The Convertible Notes mature on March 6, 2025.
/s/ Edwin Rigaud
2023-03-07