SAN FRANCISCO, Oct. 15, 2020 (GLOBE NEWSWIRE) — Shift (Nasdaq: SFT), a number one end-to-end ecommerce platform for getting and promoting used automobiles, has introduced shares of its widespread inventory have begun buying and selling on the Nasdaq below the ticker image “SFT” and warrants below ticker image “SFTTW.”

“Buying and selling on the Nasdaq represents a particularly thrilling milestone for our firm. We need to prolong an enormous because of your entire Shift staff for his or her laborious work and dedication, our superb prospects for his or her belief in us to ship an distinctive expertise, and to our shareholders for his or her help. We sit up for delivering shareholder worth for years to return,” commented George Arison, Shift co-CEO.

Toby Russell, Shift Co-CEO, added, “Shift’s accomplished enterprise mixture with Insurance coverage Acquisition Corp. delivered internet $300 million to fund future development. We are going to proceed to spend money on our enterprise and execute on our technique to drive long-term development. Now we have an enormous market alternative forward of us and we’re tremendously excited by the street forward.”

About Shift

Shift is a number one end-to-end auto ecommerce platform reworking the used automobile business with a technology-driven, hassle-free buyer expertise. Shift’s mission is to make automobile buy and possession easy — to make shopping for or promoting a used automobile enjoyable, truthful, and accessible to everybody. Shift gives complete, digital options all through the automobile possession lifecycle: discovering the appropriate automobile, having a take a look at drive delivered to you earlier than shopping for the automobile, a seamless digitally-driven buy transaction together with financing and car safety merchandise, an environment friendly, digital trade-in/sale transaction, and a imaginative and prescient to supply high-value help providers throughout automobile possession. For extra info, go to www.shift.com.   

Warning Relating to Ahead Wanting Statements

This doc contains “ahead wanting statements” throughout the that means of the “protected harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases equivalent to “forecast,” “intend,” “search,” “goal,” “anticipate,” “consider,” “count on,” “estimate,” “plan,” “outlook,” and “venture” and different comparable expressions that predict or point out future occasions or tendencies or that aren’t statements of historic issues. Such ahead wanting statements embody estimated monetary info. Such ahead wanting statements with respect to revenues, earnings, efficiency, methods, prospects and different elements of Shift’s enterprise are primarily based on present expectations which can be topic to dangers and uncertainties. Quite a few components may trigger precise outcomes or outcomes to vary materially from these indicated by such ahead wanting statements. These components embody, however usually are not restricted to: (1) the chance that the enterprise mixture disrupts Shift’s present plans and operations; (2) the power to acknowledge the anticipated advantages of the enterprise mixture, which can be affected by, amongst different issues, competitors, Shift’s capacity to develop and handle development profitably, keep relationships with prospects and suppliers and retain its administration and key workers; (3) prices associated to the enterprise mixture; (4) modifications in relevant legal guidelines or laws; (5) the likelihood that Shift could also be adversely affected by different financial, enterprise, and/or aggressive components; (6) the operational and monetary outlook of Shift; (7) the power for Shift to execute its development technique; and (8) different dangers and uncertainties indicated sometimes in different paperwork filed or to be filed with the Securities and Change Fee (“SEC”) by Shift. You’re cautioned to not place undue reliance upon any forward-looking statements, which communicate solely as of the date made. Shift undertakes no dedication to replace or revise the forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as could also be required by legislation.

Investor Relations:
Mark Roberts, Blueshirt Capital Markets
IR@shift.com

Media Contact:
Jeff Fox, The Blueshirt Group
jeff@blueshirtgroup.com 



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