![]() “We are confident in the strength of Shift’s management team and business model, and we look forward to seeing its continued success as a public company. Today’s vote is a testament to our excitement, and the excitement of our shareholders, in bringing Shift to the public markets.” Get the latest stock news for Nasdaq companies, press releases, financial disclosures and multimedia content. We are pleased to enter the public market with this positive momentum and look forward to reporting our full third quarter financial results on our first earnings call in November.”ĭaniel Cohen, Chairman of Insurance Acquisition Corp., further stated: “We are pleased with the transaction’s completion. Russel continued: “We accelerated year-over-year revenue growth to nearly 30% in the third quarter and continue to expect strong growth for the full year. Through the strength of our technology suite and dedication of our employees, we have grown into a leading ecommerce platform, disrupting the more than $840 billion used car market. Toby Russell, Shift Co-CEO, also commented: “We started Shift in 2014 with a vision to transform the antiquated used car market, ripe for disruption. Top Global Insurance & Reinsurance Brokers.Reinsurance mergers & acquisitions (M&A) Stock analysis for Shift Technologies Inc (SFT:US:NASDAQ CM) including stock price, stock chart, company news, key statistics, fundamentals and company profile.Overall, Shift's combination of innovative technology, exceptional customer service, and transparent pricing will continue to have a significant impact on the Automotive Aftermarket. Shift is well-positioned to take a lead on the trend by incorporating virtual selling and delivery formats, improving the entire car buying experience. Additionally, the company aims to cater to the growing demand for contactless transactions, which has become particularly critical in the current pandemic situation. The Company offers new and used cars, as well as provides rental, maintenance, post warranty repairs, mechanical and painting work, diagnosis. The Investor Relations website contains information about Shift Technologies, Inc.s business for stockholders, potential investors, and financial analysts. THIS AMENDED AND RESTATED RETENTION BONUS AGREEMENT (this Agreement), dated Septem(the Restatement Date), between Shift Technologies, Inc. By using technology to simplify the purchase process, Shift is also setting a new benchmark for other companies in the automotive industry. AMENDED AND RESTATED RETENTION BONUS AGREEMENT. The platform encourages transparency and trust in buying and selling used cars, something that was previously unheard of in the industry. In the Automotive Aftermarket, Shift's impact is primarily felt in the pre-owned car sales market. The company's field of excellence lies in using technology to make the car buying process more transparent and customer-friendly, as well as improving the overall customer experience. Shift Co-CEO Toby Russell to Step Down, Remain on Board of Directors SAN FRANCISCO, Nov. Shift has become known for its straightforward pricing, allowing customers to know the real cost of a car without having to negotiate with dealerships. The platform combines proprietary technology and a team of car enthusiasts who provide an end-to-end car buying experience, including vehicle inspections, financing, and test drives, and expanding into a platform to help people buy and sell all kinds of cars. Deliver a seamlessly integrated claims experience across multiple channels with AI decision support. is a digital automotive marketplace that operates under a peer-to-peer model of selling and buying used cars. Extract, analyze, and verify structured and unstructured claims data to increase speed to settlement and drive efficiency. ![]() ![]() Shift Technologies Inc s' field of excellence The initial public offering (IPO) was valued at approximately $730 million. Shift Technologies Inc went public on the 28th of October, 2020. In 2018, Shift Technologies Inc introduced a new service, Shift Services LLC, which provided vehicle maintenance and repair services to its customers. As of 2021, the company had raised over $300 million in funding. ![]() The firm received funding from various investors, including Highland Capital Partners, DFJ, and Goldman Sachs. Initially, the company only operated in San Francisco, California but later expanded to other cities in the United States. Its objective was to create a platform for individuals to buy and sell used cars conveniently. Shift Technologies Inc was founded in 2013 by George Arison and Christian Ohler. is a consumer-centric omnichannel retailer transforming the used car industry by leveraging its end-to-end e-commerce platform and retail locations to provide a technology. ![]()
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