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0 0 0 0 0 0.0191082802547771 0.0191082802547771 0.0318471337579618
Stock impact report

CarParts.com, Inc. Adopts Tax Benefits Preservation Plan [Yahoo! Finance]

CarParts.com, Inc. (PRTS) 
Last carparts.com, inc. earnings: 3/9 04:16 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.usautoparts.net
Company Research Source: Yahoo! Finance
Benefits Preservation Plan (the "Plan") intended to preserve the value of certain of the Company's tax attributes (the "Tax Attributes"). As of December 30, 2023, federal and state Tax Attributes were ,224 and , respectively. However, these Tax Attributes may be materially reduced or eliminated by a "change of ownership" of the Company under Section 382 of the Internal Revenue Code (a "change of ownership"). In general, a change of ownership would occur if stockholders that own (or are deemed to own) at least 5 percent or more of the Company's outstanding common stock increased their cumulative ownership in the Company by more than 50 percentage points over their lowest ownership percentage within a rolling three-year period. As part of the Plan, the Company's Board of Directors declared a dividend of one Series B Junior Participating Preferred Stock purchase right (the "rights") on each outstanding share of the Company's common stock. The dividend will be payable on April 16, 202 Show less Read more
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