Shift Technologies, Inc.
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SFT STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF SHIFT TECHNOLOGIES, INC. IS FAIR TO SHAREHOLDERS
August 9, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Shift Technologies, Inc. (NASDAQ: SFT) and CarLotz, Inc. is fair to Shift shareholders. Under the terms of the merger agreement, CarLotz shareholders are expected to receive 0.692158 shares of Shift common stock for each share of CarLotz common stock. Upon closing of the merger, Shift shareholders would own approximately 52.9% of the combined company.
The investigation concerns whether Shift and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Shift shareholders; and (2) disclose all material information necessary for Shift shareholders to adequately assess and value the merger consideration. On behalf of Shift shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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