Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): September 11, 2023

Commission File Number 000-55089

AUTO PARTS 4LESS GROUP, INC.

(Exact name of small business issuer as specified in its charter)

Nevada		90-1494749
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

106 W. Mayflower, North Las Vegas, NV 89030

(Address of principal executive offices)

(702) 267-6100

(Issuer’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Not applicable.

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01

Regulation FD Disclosure.

On September 11, 2023, Auto Parts 4 Less Group, Inc., a Nevada corporation (the “Company”), issued a press release announcing announced an extended warranty program. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The furnishing of the press release is not an admission as to the materiality of any information therein. The information contained in the press release is summary information that is intended to be considered in the context of more complete information included in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) and other public announcements that the Company has made and may make from time to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise the information contained in this report, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures.

The information in this Item 7.01 of this Current Report on Form 8-K and the press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 7.01 and in the press release shall not be incorporated by reference into any filing with the SEC made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press release dated September 11, 2023
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Auto Parts 4Less Group, Inc.

Date: September 11, 2023	By:	/s/ Christopher Davenport
		Christopher Davenport, Chief Executive Officer

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Exhibit 99.1

Auto Parts 4Less Group Inc. Announces Significant Operational Growth and Cost Reduction

• Company Reports 89% Month-over-Month Growth in Sales

FOR IMMEDIATE RELEASE September 11^th, 2023 – Las Vegas, NV - Auto Parts 4Less Group, Inc. (OTC Pink: FLES) (the “Company,” “AutoParts4Less,” “FLES”) – the operator of the specialized automotive parts marketplace AutoParts4Less.com, today shared a notable investor update from the Company’s CEO.

“I am thrilled to update our investors and stakeholders on the incredible progress we have achieved in a relatively short span of time,” said Christopher Davenport, CEO and founder of Auto Parts 4Less. “Leveraging the $500 billion U.S. automotive parts sector with the world’s largest parts sellers on our marketplace, the company achieved nearly 90 percent sales growth over the previous month and we’re on a terrific trajectory for the rest of 2023. Our goal is to be the go-to destination for all automotive parts, and I am proud to say we are on track to achieve this.”

Key Highlights (unaudited and subject to change):

	•	Sales Momentum: From June’s $29,239 to July's $40,058, to August's impressive $75,767, Auto Parts 4 Less Group, Inc. reported an 89% month-over-month growth in total sales. The Company’s focus remains on controlling costs while simultaneously boosting sales.

	•	Financial Turnaround: The Company reported a 75.4% decrease in subsidiary losses from January to August.

	•	Expanding Catalog: The corporate catalog now boasts over 5.8 million products across 8,000 brands and 3,000 categories. “We're proud to work with some of the largest automotive parts manufacturers and resellers in America.” Davenport said.

	•	Platform Stability: The platform's stability has been greatly enhanced through recent code improvements, the deployment of B2B Portal, Elasticsearch, and the introduction of a warranty program; this has led to an increase in both organic and paid traffic.

	•	Addressing Balance Sheet Challenges: Addressing balance sheet debt is a top priority, and Auto Parts 4Less is actively collaborating with debt holders to devise a plan that benefits all stakeholders and keeps the company moving forward.

“Platforms like Uber, Airbnb, Instacart, and Alibaba highlight the potential of our marketplace,” Davenport said. “The faith and continued support of our dedicated investors has been our backbone. Our aim goes beyond increasing sales; we're dedicated to operational efficiency and ensuring maximum returns for all stakeholders.”

About Auto Parts 4Less Group, Inc.

Auto Parts 4Less Group, Inc. entered the online auto parts business in 2015, selling lift kits and other aftermarket accessories for Jeeps, Trucks, and SUVs on eBay and Amazon. In early 2020, the Company began developing AutoParts4Less.com as a multi-seller enterprise-level marketplace dedicated to consolidating the $500 billion annual aftermarket automotive parts industry, including cars, trucks, boats, motorcycles, and RVs, on a single platform. AutoParts4Less.com officially launched with a catalogue size of around 2 million parts from over 25 parts sellers in November 2022.

For more information about Auto Parts 4Less Group, Inc., please visit www.AutoParts4LessGroup.com

Forward Looking Statements

This information contains certain forward-looking statement: These statements are identified by the use of the words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “possible,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this presentation. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved.

Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Industry data provided herein is of no predictive value regarding the future sale of the Company’s products. No information in this press release should be construed as any indication whatsoever of the Company’s future financial results, revenues, or stock price.

Contact

Christopher Davenport, CEO

Auto Parts 4Less Group Inc

Email: investorrelations@ap4less.com

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Cover	Sep. 11, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 11, 2023
Entity File Number	000-55089
Entity Registrant Name	AUTO PARTS 4LESS GROUP, INC.
Entity Central Index Key	0001438901
Entity Tax Identification Number	90-1494749
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	106 W. Mayflower
Entity Address, City or Town	North Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89030
City Area Code	702
Local Phone Number	267-6100
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false