CarParts.com, Inc. Announces 1-for-10 Reverse Stock Split

CarParts.com, Inc. has filed a Form 8-K to report the implementation of a 1-for-10 reverse stock split. This action was previously approved by the company's stockholders at the 2026 Annual Meeting and subsequently by the board of directors. The Certificate of Amendment to the company's Second Amended and Restated Certificate of Incorporation was filed with the Secretary of State of Delaware on May 21, 2026, and will become effective at 11:59 pm Eastern Time on May 25, 2026. Consequently, the company's common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market at market open on May 26, 2026. The reverse stock split will consolidate every ten shares of issued and outstanding common stock into one share. This will not alter stockholders' ownership percentages, except for adjustments related to fractional shares, which will be rounded up to the nearest whole number. The reverse stock split will not change the rights or preferences of the common stock. Following the split, approximately 8,057,806 shares of common stock will be outstanding. The common shares will trade under a new CUSIP number, 14427M206, while retaining the symbol "PRTS." Stock options and other convertible securities will be proportionally adjusted. Computershare Limited has been appointed as the exchange agent for this process.