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