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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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CarParts.com, Inc. issued convertible note to Axislink Holding B.V. and Lovely Peach Limited for an aggregate principal amount of $25,000,000.

Security: convertible note
Purchaser: Axislink Holding B.V. and Lovely Peach Limited
Consideration: an aggregate principal amount of $25,000,000

Exact text from the filing

at the Closing, the Company issued Convertible Notes to Axislink and Lovely Peach in an aggregate principal amount of $25,000,000.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CarParts.com, Inc. issued an aggregate of 10,319,727 shares of common stock of common stock to International Auto Parts (Cayman) Limited, Axislink Holding B.V., and Lovely Peach Limited for $1.04 per share, which represents an aggregate purchase price of $10,732,516.08.

Security: common stock
Shares: an aggregate of 10,319,727 shares of common stock
Purchaser: International Auto Parts (Cayman) Limited, Axislink Holding B.V., and Lovely Peach Limited
Consideration: $1.04 per share, which represents an aggregate purchase price of $10,732,516.08

Exact text from the filing

of an aggregate of 10,319,727 shares of common stock, par value $0.001 per share, of the Company (the “Company Common Stock” and the shares to be purchased, the “Shares”) for $1.04 per share, which represents an aggregate purchase price of $10,732,516.08; and (ii) to certain of the Purchasers, of convertible notes in an aggregate principal amount of

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7 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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