CarParts.com Regains Compliance with Nasdaq Bid Price Requirement

CarParts.com (NASDAQ: PRTS) announced it has regained compliance with Nasdaq’s minimum bid price requirement of $1.00 per share under Listing Rule 5550(a)(2).

Rhea-AI Summary

CarParts.com (NASDAQ: PRTS) announced it has regained compliance with Nasdaq’s minimum bid price requirement of $1.00 per share under Listing Rule 5550(a)(2).

Nasdaq confirmed the closing bid price was at least $1.00 for 10 consecutive business days, so the matter is closed and PRTS remains listed on the Nasdaq Capital Market.

Positive

• Regained Nasdaq $1.00 minimum bid price compliance under Listing Rule 5550(a)(2)
• Maintains continued listing on the Nasdaq Capital Market under ticker PRTS
• Achieved at least $1.00 closing bid for 10 consecutive business days

Negative

• None.

Key Figures

Nasdaq bid requirement: $1.00 per share Compliance period: 10 business days Registered resale shares: 1,000,000 shares +5 more

Nasdaq bid requirement

$1.00 per share

Minimum bid price under Nasdaq Listing Rule 5550(a)(2)

Compliance period

10 business days

Closing bid at or above $1.00 from May 26–Jun 8, 2026

Registered resale shares

1,000,000 shares

Form S-3 shelf prospectus for selling stockholders

Private placement price

$8.00 per share

March 21, 2026 private placement underlying S-3 resale

Reverse stock split ratio

1-for-10

Reverse split effective May 26, 2026

Shares outstanding

8,098,751 shares

Common shares outstanding as of June 4, 2026

Stock incentive plan pool

4,700,000 shares

Shares reserved under 2026 Stock Incentive Plan

Director cash retainer

$50,000

Annual retainer for independent director Tim Nauss

Historical Context

5 past events · Latest: May 07

5 events

1. May 07

   Q1 2026 earnings

   24h Move

   +0.3%

   Reported lower net sales and net loss, but shares edged slightly higher.

2. Apr 16

   Earnings call setup

   24h Move

   +4.7%

   Announced timing for Q1 2026 results conference call and webcast.

3. Apr 14

   Product launch

   24h Move

   +0.5%

   Launched CarParts.com Mastercard® with cashback rewards and instant access.

4. Mar 25

   Partnership & financing

   24h Move

   +1.1%

   Expanded A-Premium partnership and announced $8.0M private placement for inventory.

5. Mar 05

   FY 2025 earnings

   24h Move

   -3.1%

   Reported lower net sales and wider fiscal net loss with negative EBITDA.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nasdaq capital market, form s-3, shelf registration statement, reverse stock split, +3 more

7 terms

nasdaq capital market regulatory

"the Company remains listed on the Nasdaq Capital Market under the ticker symbol"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

form s-3 regulatory

"filed a Form S-3 shelf prospectus to register resale by selling stockholders"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

shelf registration statement regulatory

"[S-3] CarParts.com, Inc. Shelf Registration Statement"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

reverse stock split financial

"implementing a 1‑for‑10 reverse stock split of its common stock"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

restricted stock units financial

"received a grant of 218,342 cash-settled restricted stock units (RSUs)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

rsus financial

"186,717 Restricted Stock Units (RSUs). These are cash-settled awards"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax benefits preservation plan regulatory

"is ending its Tax Benefits Preservation Plan, also called the NOL Rights Plan"

A tax benefits preservation plan is a company’s set of policies and actions designed to protect valuable tax attributes—like net operating losses, credits, or favorable tax statuses—when the business changes ownership, reorganizes, or conducts large transactions. Investors care because preserving these tax benefits can reduce future tax bills and improve cash flow, much like keeping a valuable coupon valid so future purchases cost less, which can affect earnings and valuation.

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LONG BEACH, Calif., June 9, 2026 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) today announced that on June 9, 2026, the Company received a letter (the "Compliance Letter") from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). As a result, the matter has been closed.

Nasdaq has since determined that, for the last 10 consecutive business days, from May 26, 2026 to June 8, 2026, the closing bid price of the Company's shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2). With Nasdaq's confirmation of compliance, the Company remains listed on the Nasdaq Capital Market under the ticker symbol "PRTS".

About CarParts.com, Inc.
CarParts.com, Inc. is a technology-led ecommerce company offering over 1.5 million quality automotive parts and accessories. Operating for over 30 years, the Company serves over 2.5 million unique customers annually through its website and mobile app, backed by a nationwide, company-operated distribution network providing 2-day delivery to approximately 95% of the continental United States. The company operates CarParts.com and a portfolio of brands including JC Whitney^®, Kool-Vue, Evan Fischer, Garage-Pro, and CarParts Wholesale. For more information, visit CarParts.com.

CarParts.com is headquartered in Long Beach, California. 

Investor Relations:
IR@carparts.com

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SOURCE CarParts.com, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CarParts.com (NASDAQ: PRTS) announce about Nasdaq bid price compliance on June 9, 2026?

CarParts.com announced it regained compliance with Nasdaq’s $1.00 minimum bid price rule on June 9, 2026. According to CarParts.com, Nasdaq confirmed the issue is closed and the company satisfies Listing Rule 5550(a)(2) after a qualifying trading period.

How did CarParts.com regain compliance with Nasdaq Listing Rule 5550(a)(2) for PRTS stock?

CarParts.com regained compliance after its closing bid price stayed at or above $1.00 for 10 consecutive business days. According to CarParts.com, this qualifying period ran from May 26, 2026 to June 8, 2026, satisfying Nasdaq’s minimum bid requirement.

What does Nasdaq bid price compliance mean for CarParts.com (PRTS) shareholders?

Nasdaq bid price compliance means CarParts.com avoids delisting for failing the $1.00 minimum bid requirement. According to CarParts.com, PRTS remains listed on the Nasdaq Capital Market, preserving trading liquidity and continued access to a major U.S. exchange.

Is CarParts.com (NASDAQ: PRTS) still listed on the Nasdaq Capital Market after regaining compliance?

Yes, CarParts.com remains listed on the Nasdaq Capital Market under ticker PRTS after regaining bid price compliance. According to CarParts.com, Nasdaq has closed the matter now that the stock met the $1.00 minimum for 10 consecutive business days.

Over what dates did CarParts.com meet Nasdaq’s $1.00 minimum bid price requirement for PRTS?

CarParts.com met Nasdaq’s $1.00 minimum bid requirement from May 26, 2026 to June 8, 2026. According to CarParts.com, the closing bid price for PRTS shares was at least $1.00 on each of these 10 consecutive business days.