Small-Cap Investor Forum

[MissionIR]

Motorcar Parts of America, Inc. (MPAA) Public Offering Raises $66.9M Net Proceeds

Motor Parts of America today completed its previously announced underwritten public offering of 2,760,000 shares of its common stock at a price to the public of $26 per share for estimated net proceeds of approximately $66.9 million.

The offering includes the exercise in full by the underwriters of their option to purchase up to 360,000 additional shares of common stock. Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC acted as joint book-running managers for the offering; B. Riley & Co., LLC acted as co-manager for the offering.

The automotive aftermarket parts manufacturer and dealer said it plans to use the net proceeds of the offering for working capital and other general corporate purposes.

Motorcar Parts of America sells its products and re-manufactured units to automotive retail outlets and the broader professional repair market throughout the United States and Canada. The company has production facilities located in California, Mexico, Malaysia and China, and administrative offices located in California, Tennessee, Mexico, Singapore and Malaysia.

For more information visit www.motorcarparts.com.