secwatch.observer — SEC 8-K summary
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Issuer:     CarLotz, Inc. (—)
CIK:        0001759008
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001213900-22-078786
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shift Technologies closes merger with CarLotz; LOTZ shareholders receive 0.705 Shift shares per share
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- Merger closed Dec 9, 2022; CarLotz shareholders get 0.705241 Shift shares per LOTZ share, aggregate ~84.4M Shift shares.
- CarLotz becomes wholly owned subsidiary of Shift; LOTZ common stock and warrants delisted from Nasdaq effective Dec 9.
- CarLotz board (Abraham, Carrel, Liu, Mitchell, Sheehy, Skinner, Solorzano) and executives (Peker, Kaya, Kovshilovsky, Stoltz, Sanders) resigned.
- Three CarLotz directors (Sheehy, Skinner, Solorzano) join Shift board after Krikorian and Patel resigned from Shift board.
- CarLotz to file Form 25 for delisting and Form 15 to suspend reporting; combined company trades under ticker SFT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759008/000121390022078786/0001213900-22-078786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759008/000121390022078786/ea169919-8k_carlotzinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-078786

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