---
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"
generated_at: "2026-05-17T06:51:52.361844+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarParts.com secures $35.7M strategic investment from ZongTeng, A-Premium, CDH

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-034642
- JSON: https://secwatch.observer/filing/0001140361-25-034642.json
- Plain text: https://secwatch.observer/filing/0001140361-25-034642.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1378950/000114036125034642/0001140361-25-034642-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.