Motorcar Parts to sell 2 million common shares via public offering

Craig-Hallum Capital Group and Roth Capital Partners are bookrunners

By Devika Patel

Knoxville, Tenn., Aug. 20 – Motorcar Parts of America, Inc. will offer 2 million common shares in a public sale with a 30-day greenshoe of 300,000 additional shares, according to a prospectus filed Wednesday with the Securities and Exchange Commission.

Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC are the joint bookrunning managers; B. Riley & Co. LLC is the co-manager.

Proceeds will be used for working capital and other general corporate purposes.

Los Angeles-based Motorcar provides remanufactured alternators and starters for the automotive aftermarket.

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