The company filed a voluntary petition for relief under Chapter 11 on Dec. 26 and will not appeal the the New York Stock Exchange’s determination
Cranbury, N.J.—PARTS iD, Inc. announced on Tuesday that it received notification from the New York Stock Exchange (NYSE) that the NYSE has initiated proceedings to delist the Class A common stock of PARTS iD, Inc. from NYSE American. The NYSE also indefinitely suspended trading of the company’s Class A common stock effective Dec. 26, 2023. PARTS iD does not intend to appeal the NYSE’s determination.
PARTS iD is a digital commerce company focused on creating a one-stop eCommerce destination for the automotive parts and accessories market.
The NYSE determined that the company is no longer suitable for listing and will commence delisting proceedings pursuant to Section 1003(c)(iii) of the NYSE American Company Guide in light of the disclosure on Dec. 26, 2023 that the company filed a voluntary petition for relief under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware.