Motorcar Parts to list on Nasdaq
Motorcar Parts of America Inc., the Torrance-based seller of remanufactured vehicle alternators and starters, has been approved to list its stock on the Nasdaq Global Market.
Motorcar's stock has been trading on the over-the-counter market.
The company's common stock is expected to begin trading on Nasdaq at the market open on
December 3. MPAA willbe the trading symbol.
"This is an important achievement for us, and will increase our visibility in the market, improve
the liquidity of our stock and allow us to expand our shareholder base." said Selwyn Joffe, chairman, president and CEO, in a statement.