Shift, CarLotz agree to merge
Shift and CarLotz have agreed to merge. The companies said in a release late Tuesday afternoon they have entered a definitive agreement to combine in a stock-for-stock merger, with the combined company set to trade under the SFT ticker on Nasdaq. Shift is an end-to-end used-car ecommerce platform, and CarLotz is a consignment-to-retail used-car marketplace that is largely brick-and-mortar. In the release, the companies said the merger creates “the destination for the best online and in-person used car purchasing experience, allowing the customer to seamlessly shop the broadest assortment of… Read More »Shift, CarLotz agree to merge