CarParts.com, Inc. announced that it has regained compliance with The Nasdaq Stock Market LLC's minimum bid price requirement. The company received written notification from Nasdaq on January 16, 2025, confirming its compliance.
This compliance was achieved as the company's shares maintained a closing bid price at or above $1.00 per share for 10 consecutive business days, from December 30, 2024, to January 14, 2025. This resolution closes the matter regarding Listing Rule 5550(a)(2).
CEO David Meniane stated that regaining compliance represents an important milestone for CarParts.com. He added that it reflects the market's growing recognition of the company's operational execution and business potential, as the company remains focused on creating long-term shareholder value.
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