CarParts.com, Inc. (PRTS): debt financing — CarParts.com secures $35.7M strategic investment from ZongTeng, A-Premium, CDH

CarParts.com, Inc.

Issued 10.3M shares at $1.04 (18% premium to 90-day VWAP) raising $10.7M; plus $25M 2% convertible notes due 2028, conversion at $1.20.
Commercial partnerships add 150K+ SKUs from A-Premium; logistics collaboration with ZongTeng to cut delivery times and costs.
Credit facility amended: commitments reduced from $75M to $25M, maturity shortened to Sept 2026, with a $7.5M availability reduction trigger.
Board to be reduced to six members within 60 days; two investor-designated non-voting observers allowed, expanding to two board seats upon full note conversion.
Transaction concludes strategic alternatives review announced in March 2025; board unanimously approved.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CarParts.com, Inc. incurred convertible notes of aggregate principal amount of $25,000,000 with Axislink and Lovely Peach at 2% per annum maturing September 10, 2028.

Instrument: convertible notes
Principal: aggregate principal amount of $25,000,000
Counterparty: Axislink and Lovely Peach
Rate: 2% per annum
Maturity: September 10, 2028
Event: incurrence

Exact text from the filing

the Company issued Convertible Notes to Axislink and Lovely Peach in an aggregate principal amount of $25,000,000. The Convertible Notes will accrue interest at a rate of 2% per annum, payable in kind, and mature on September 10, 2028

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309 debt financings filed in the last 30 days. Browse all debt financings →

CarParts.com, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-034642

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