TORRANCE, Calif., Jan. 16,
2025 /PRNewswire/ -- CarParts.com, Inc. (Nasdaq:
PRTS), a leading e-commerce provider of automotive parts and
accessories, today announced that it has received notification from
the Listing Qualifications Department of The Nasdaq Stock Market
LLC ("Nasdaq") that the Company has regained compliance with
Nasdaq's minimum bid price requirement under Listing Rule
5550(a)(2).
The Company received written notification from Nasdaq on
January 16, 2025, stating that
because the Company's shares had a closing bid price at or above
$1.00 per share for 10 consecutive
business days, from December 30, 2024
to January 14, 2025, the Company has
regained compliance with Listing Rule 5550(a)(2) and this matter is
now closed.
"Regaining compliance with Nasdaq's minimum bid price
requirement represents an important milestone for CarParts.com and
reflects the market's growing recognition of our operational
execution and business potential," said David Meniane, CEO of
CarParts.com, Inc. "We remain focused on creating long-term
shareholder value through our strategic initiatives and commitment
to operational excellence in serving our customers with
high-quality automotive parts and accessories."
About CarParts.com, Inc.
CarParts.com, Inc. is a
technology-driven eCommerce company offering over 1 million
high-quality automotive parts and accessories. Operating for over
25 years, CarParts.com has established itself as a premier
destination for drivers seeking repair and maintenance solutions.
Our commitment lies in placing the customer at the forefront of our
operations, evident in our easy-to-use, mobile-friendly website and
app. With a commitment to affordability and customer satisfaction,
CarParts.com simplifies the automotive repair process, aiming to
eliminate the uncertainty and stress often associated with vehicle
maintenance. Backed by a robust company-operated fulfillment
network, we ensure swift delivery of top-quality parts from leading
brands to customers across the nation.
At CarParts.com, our global team is united by a shared vision:
Empowering Drivers Along Their Journey.
CarParts.com is headquartered in Torrance, California.
Investor Relations:
Ryan
Lockwood
IR@carparts.com
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SOURCE CarParts.com, Inc.