Shift Merges with Insurance Acquisition

By Staff Writer July 09, 2020

Shift Technologies Inc., an e-commerce platform, and Insurance Acquisition Corp., a publicly traded special purpose acquisition company, announced they have entered into a definitive merger agreement whereby Shift will combine with Insurance Acquisition Corp. In connection with the closing of the transaction, Insurance Acquisition Corp. intends to change its name to Shift Technologies Inc. and remain NASDAQ-listed under a new ticker symbol. The transaction is expected to close in the third quarter of 2020.

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Last modified on Friday, 10 July 2020 14:20

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