Online used car seller shift technologies will file for bankruptcy and shut down its business, the company said Friday.
Shift, based in San Francisco, will fund the wind down process by liquidating its inventory. Its two physical locations in California and its website are no longer operational, Fortune reports.
Shift went public by merging with Insurance Acquisition. The $380 million deal was announced in June 2020. Read more.
Source: Online Car Seller Shift will Shut Down, File for Bankruptcy 3 Years After deSPAC
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- Source: https://spacfeed.com/online-car-seller-shift-will-shut-down-file-for-bankruptcy-3-years-after-despac
