CarParts.com receives Nasdaq deficiency notice for bid price below $1 for 30 days

CarParts.com, Inc.

Received Nasdaq letter on Sept 18, 2024 for non-compliance with Rule 5450(a)(1) due to bid price below $1 for 30 consecutive days.
Has 180 calendar days until March 17, 2025 to regain compliance by closing at $1 or more for 10 consecutive business days.
If not compliant by deadline, may qualify for additional 180-day period if transfer to Nasdaq Capital Market and meet other conditions.
Company will monitor bid price and consider options, including reverse stock split, but no assurance of regaining compliance.

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