CarParts.com, Inc. entered a Purchase Agreement on March 21, 2026, to issue and sell 10,000,000 shares of common stock at $0.80 per share for $8.0 million gross proceeds in a private placement, with net proceeds to fund inventory investments. Accompanying Investor Rights Agreement and Convertible Note Amendments were executed, alongside a press release on JC Whitney collaboration with A-Premium.
Key takeaways
Purchase Agreement dated March 21, 2026, for 10,000,000 shares at $0.80 per share, gross proceeds $8.0 million.
Purchasers: GLOBAL FORCE INTERNATIONAL LIMITED, HONG KONG QINGFA TRADING LIMITED, SUMMIT FLOW CAPITAL LIMITED, FOXWIN INVESTMENT MANAGEMENT LLC.
Six-month lock-up on shares from closing, with Company right of first refusal and proportional voting.
Investor Rights Agreement grants resale registration rights and board designation if Purchasers hold >=10% beneficial ownership.