secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001140361-24-041560
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000114036124041560/0001140361-24-041560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000114036124041560/ef20036029_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-041560

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