{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-034642","form_type":"8-K","ticker":"PRTS","cik":"0001378950","company_name":"CarParts.com, Inc.","filed_at":"2025-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.849788+00:00","generated_at":"2026-05-17T06:51:52.361844+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CarParts.com secures $35.7M strategic investment from ZongTeng, A-Premium, CDH","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-034642","json":"https://secwatch.observer/filing/0001140361-25-034642.json","markdown":"https://secwatch.observer/filing/0001140361-25-034642.md","text":"https://secwatch.observer/filing/0001140361-25-034642.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378950/000114036125034642/0001140361-25-034642-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378950/000114036125034642/ef20055375_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:51:52.361844+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"905f640aa910346f2820d4f23e79dc16d83363a6","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378950/000114036125034642/0001140361-25-034642-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal amount of $25,000,000"},{"label":"Counterparty","value":"Axislink and Lovely Peach"},{"label":"Rate","value":"2% per annum"},{"label":"Maturity","value":"September 10, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}