Shift Technologies announces 1-for-10 reverse stock split

Pavel Muravev

• Shift Technologies (NASDAQ:SFT) announced that it will effect a 1-for-10 reverse stock split of its Class A common stock, par value $0.0001 per share, effective Mar.8, 2023.
• It will continue to trade under the same symbol.
• The split is mainly for the company to regain compliance with the minimum bid price requirement for maintaining its listing on Nasdaq.

Comments

[Tao Jaxx]

Used car dealer calls itself "Technologies".
IPO's at $98.
Goes to $1 over time.
End of Story.

[PianoCat]

Wow I really thought this went up 768% in one day.