SFT Stock Alert: Halper Sadeh LLP Is Investigating Whether the Merger of Shift Technologies, Inc. Is Fair to Shareholders

Halper Sadeh LLP, 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.

Halper Sadeh encourages Shift shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

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 LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Shift shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Halper Sadeh LLP 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.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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