SFT News and Press, Shift Technologies Inc Cl A From 08/09/22

Shift to merge with CarLotz, a leading used vehicle consignment business; combined company estimated to have approximately $125 million of cash if the merger closes at the end of the year Shift is transitioning to a new business plan focused on transacting most sales through its most ...

SAN FRANCISCO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT) and its Board of Directors announced today that Co-Founder and CEO George Arison will be stepping down as CEO effective September 1, 2022, and will be succeeded by the President of Shift, Jeff Clementz. ...

Merger will create a leading omnichannel auto retailer Combination of complementary geographic footprints, with Shift’s strong presence on the West Coast and CarLotz’s retail stores in the mid-Atlantic region Upon close, combined company anticipated to have a cash po...

Second Quarter Revenue Grew 51% versus Last Year to $76.5 million Second Quarter Retail Unit Sales of 2,421 Second Quarter F&I Revenue Grew 80% versus Last Year RICHMOND, Va., Aug. 09, 2022 (GLOBE NEWSWIRE) -- CarLotz, Inc. (the “Company” or “Car...

Merger will create a leading omnichannel auto retailer Combination of complementary geographic footprints, with Shift’s strong presence on the West Coast and CarLotz’s retail stores in the mid-Atlantic region Upon close, combined company anticipated to have a cash po...

Vroom Inc. ( NASDAQ: VRM ) crashed over 30% on Tuesday after notching yet another quarterly loss alongside declining revenue. The 35.57% slide for shares of the Houston-based eCommerce company added to steady declines over the past year that have amounted to a ne...

Shares of Shift Technologies ( NASDAQ: SFT ) ticked over the $1 mark after SG Americas Securities disclosed a stake in the company. Per a 13-F filing, the asset manager took a 701,236-share position in the online auto retailer during the second quarter. That figure a...

Stronghold Digital Mining ( SDIG ) -18% . LumiraDx ( LMDX ) -17% . Verve Therapeutics ( VERV ) -17% after pricing common stock offering . Applied Blockchain ( APLD ) -14% . Pagaya Technologies ( PGY ) -14% . Carnival Corp...

SAN FRANCISCO, July 19, 2022 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, announced today that it will report its financial results for the second quarter 2...

SAN FRANCISCO, July 01, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc. (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, today announced that on June 30, 2022 the Compensation Committee of its Board of Directors granted inducement restricted stock u...