Parts iD, Inc. filed a pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 26, 2024. As per the plan filed, Administrative Claims, Payment of Statutory Fees, DIP Claims, Professional Fee Claims, Priority Tax Claims, Other Priority Claims and Restructuring Expenses shall be paid in full in cash. Litigation Funding Claims of $1.50 million shall be reinstated Vendor Claims of $30.39 million shall be recovered 55% in cash.

Other Secured Claims and Subordinated Secured Note Claims of $7.46 million shall be paid in full in cash. Senior Secured Note Claims of $4.88 million shall be recovered 87% and MCA Claims of $2.62 million shall be recovered 90%, both in cash. Convenience Claims of $0.84 million shall be recovered 65% in cash.

General Unsecured Claims of $16.14 million and Intercompany Claims shall be cancelled. Intercompany Interests shall be reinstated and Existing Equity Interests shall be cancelled. The plan shall be funded through cash in hand and issuance of equity stock and preferred stock.