CarParts.com, Inc. 8-K

What Happened

• CarParts.com, Inc. (PRTS) announced a reverse stock split at a ratio of 1-for-10. Stockholders approved a split range (1‑for‑5 to 1‑for‑20) at the May 11, 2026 annual meeting; the board selected 1‑for‑10 on May 11. The company filed a Certificate of Amendment with Delaware on May 21, 2026, which becomes effective at 11:59 p.m. ET on May 25, 2026. Shares will trade on a split-adjusted basis on the Nasdaq Capital Market beginning at market open on May 26, 2026.

Key Details

• Reverse split ratio: 1 share for every 10 issued and outstanding shares.
• Estimated post-split shares outstanding: ≈ 8,057,806 common shares.
• Trading: Ticker remains "PRTS"; new CUSIP: 14427M206, effective May 26, 2026.
• Fractional shares: No fractional shares will be issued; share counts will be rounded up to the next whole share.
• Adjustments: All stock options, convertible notes and other securities will be proportionally adjusted per their terms.
• Exchange agent/processing: Transfer agent Computershare Limited appointed; brokerage-held positions will be automatically adjusted by brokers.

Why It Matters

• The reverse split reduces the total share count and increases the per-share price proportionally, while the filing says it will not change the rights or preferences of common stock and should not alter shareholders’ percentage ownership except for rounding adjustments.
• Investors do not need to take action if shares are held through a broker; expect your position to be adjusted automatically. Option and convertible holders should review their agreements for the proportional adjustments described.
• The listing symbol remains PRTS, but note the new CUSIP for post-split shares.