secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001140361-21-042502
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarParts.com enters $50M at-the-market equity offering program with D.A. Davidson
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- Capacity to sell up to $50M of common stock through D.A. Davidson as sales agent.
- Agent commission set at 1.5% of gross sales price; expenses up to $75K reimbursed.
- Shares sold via ordinary brokers' transactions on Nasdaq at prevailing market prices.
- Net proceeds for general corporate purposes including working capital and potential strategic transactions.
- Offering made under existing shelf registration statement (File No. 333-240467).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000114036121042502/0001140361-21-042502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000114036121042502/ny20001733x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-042502

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer