CarParts.com, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

Core Points - CarParts.com, Inc. has regained compliance with Nasdaq's minimum bid price requirement, closing at or above $1.00 per share for 10 consecutive business days from December 30, 2024, to January 14, 2025 [2][3] - The CEO of CarParts.com, David Meniane, emphasized that this milestone reflects the market's recognition of the company's operational execution and business potential [3] - The company is committed to creating long-term shareholder value through strategic initiatives and operational excellence in providing high-quality automotive parts and accessories [3] Company Overview - CarParts.com, Inc. is a technology-driven eCommerce company offering over 1 million high-quality automotive parts and accessories, operating for over 25 years [4] - The company aims to simplify the automotive repair process, focusing on customer satisfaction and affordability, with a mobile-friendly website and app [4] - CarParts.com has a robust fulfillment network to ensure swift delivery of parts from leading brands to customers nationwide [4][5]