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Investigation announced for Investors in shares of Shift Technologies, Inc. (NASDAQ: SFT)

01-23-2023 04:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Shift Technologies, Inc. (NASDAQ: SFT) shares over potential securities laws violations.

An investigation for investors in Shift Technologies, Inc. (NASDAQ: SFT) shares over potential securities laws violations.

An investigation was announced over potential securities laws violations by Shift Technologies, Inc. f.k.a. Insurance Acquisition Corporation in connection with certain financial statements.

Investors who purchased shares of Shift Technologies, Inc. (NASDAQ: SFT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Shift Technologies, Inc. (NASDAQ: SFT) concerning whether a series of statements by Shift Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francsico, CA based Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. On October 13, 2020, Shift Technologies, Inc. and Insurance Acquisition Corp. (Nasdaq: INSU), a publicly traded special purpose acquisition company sponsored by Cohen & Company (NYSE American: COHN), announced the closing of their business combination.

Shift Technologies, Inc. (NASDAQ: SFT) declined to as low as $0.13 per share on December 28, 2022.

Those who purchased shares of Shift Technologies, Inc. (NASDAQ: SFT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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