November 2020

Faegre Drinker Represents Onyx Enterprises in SPAC Merger Forming New Public Company PARTS iD

United States - New Jersey | United States - New York

Faegre Drinker represented Onyx Enterprises Int’l Corp, a leading ecommerce platform for niche markets focused on the auto parts space, in a business combination with Legacy Acquisition Corp., a special purpose acquisition company (SPAC). The now combined, publicly-traded company, was renamed to PARTS iD, Inc. and trades under the new ticker symbol “ID.” The combination was completed November 20, 2020. 

Legacy Acquisition Corp. was a predominantly minority-led SPAC formed to recapitalize, acquire assets, purchase and exchange stocks, and enact mergers or business combinations.

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