Business Context and Reporting Period
Company: CarParts.com, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 16, 2025
Reporting Period: Event date January 16, 2025; compliance period December 30, 2024 through January 14, 2025.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on regulatory compliance status.
Material Changes
The Company received notification from The Nasdaq Stock Market LLC that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1). This compliance was achieved as the closing bid price of the Company's common stock remained at $1.00 per share or greater for 10 consecutive business days.
Guidance, Outlook, and Risks
Management Commentary: Nasdaq has considered the matter of non-compliance closed.
Risks and Contingencies: No new risks or contingencies are disclosed in this filing. The filing resolves a prior listing deficiency regarding minimum bid price.
Key Facts for Investor Verification
- CarParts.com, Inc. has regained compliance with Nasdaq Listing Rule 5450(a)(1).
- The stock maintained a closing bid price of at least $1.00 per share for 10 consecutive business days ending January 14, 2025.
- Nasdaq has officially closed the compliance matter.
- This filing contains no financial performance data or forward-looking guidance.