SHIFT TECHNOLOGIES, INC.: Nasdaq/NYSE listing notice — Nasdaq to delist Shift Technologies after Chapter 11 filing; trading suspended Oct 19

SHIFT TECHNOLOGIES, INC.

Nasdaq commenced delisting proceedings on Oct 10, 2023, citing Chapter 11 bankruptcy; company will not appeal.
Common stock trading will be suspended at opening of business on October 19, 2023.
Company warns stockholders may experience significant or complete loss on investment depending on Chapter 11 outcome.
Delisting does not affect SEC reporting requirements.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

SHIFT TECHNOLOGIES, INC. received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101, 5110(b), IM-5101-1

Exact text from the filing

October 10, 2023, the Company was notified by the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) that it commenced proceedings to delist the common stock of the Company, par value $0.0001 (the “Common Stock”) pursuant to Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, and has determined that the Common Stock will be delisted from the Nasdaq due to the Company’s filing of voluntary cases under Chapter 11 of the Bankruptcy Code. The Company does not intend to appeal the determination and, therefore, it is expected that its Common Stock will be delisted, wh

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Source: SEC EDGAR

accession 0001013762-23-002963

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