Press release
CarParts.com Announces Commencement of Public Offering of Common Stock
TORRANCE, Calif., Aug. 11, 2020 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com"), one of the leading e-commerce providers of automotive
About this update from Carparts.com, Inc.
[{"type":"text","content":"\n TORRANCE, Calif., Aug. 11, 2020 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) (\"CarParts.com\"), one of the leading e-commerce providers of automotive parts and accessories, today announced that it intends to offer three million shares of its common stock for sale in an underwritten public offering. A selling shareholder of the CarParts.com also intends to offer two million shares of common stock for sale in the offering. In connection with this offering, CarParts.com expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. CarParts.com will not receive any proceeds from the sale of shares by the selling shareholder. CarParts.com intends to use its net proceeds of the offering for general corporate purposes, including working capital.\n\n \n \n \n \n \n \n\n \nRBC Capital Markets is acting as the sole book-runner, and Craig-Hallum Capital Group is acting as the sole lead manager for the offering. D.A. Davidson & Co. and Roth Capital Partners are acting as co-managers for the offering.\nThis offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-240467) and preliminary prospectus supplement filed with the U.S. Securities and Exchange Commission (the \"SEC\"). The preliminary prospectus supplement relating to the offering will be available on the SEC's website located at http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus, when available, may also be obtained from RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, New York, New York 10281-8098, or by fax at (212) 428-6260; or from Craig-Hallum Capital Group at 222 South Ninth Street, Suite 350, Minneapolis, Minnesota 55402, Attention: Equity Capital Markets, by telephone at 612-334-6300, or by email [email protected].\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.\nAbout CarParts.com\nFor over...