---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-083555"
form_type: "8-K"
ticker: null
cik: "0001762322"
company_name: "SHIFT TECHNOLOGIES, INC."
filed_at: "2022-12-29T23:59:59+00:00"
generated_at: "2026-06-20T21:57:49.866144+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shift Tech receives Nasdaq delisting notice for MVLS below $35M minimum

## Summary
- Nasdaq notified Shift on Dec 22, 2022 that its MVLS was under $35M for 30 consecutive business days.
- Company has 180 days, until June 20, 2023, to regain compliance with the MVLS requirement.
- If compliance not achieved by deadline, Nasdaq may delist Shift's Class A common stock.
- Shift may seek an extension of the compliance period or appeal to a Nasdaq Hearings Panel.
- No assurance that Shift will be able to regain compliance with the MVLS requirement.

## SEC filing metadata
- accession: 0001213900-22-083555
- form_type: 8-K
- cik: 0001762322
- company_name: SHIFT TECHNOLOGIES, INC.
- filed_at: 2022-12-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762322/000121390022083555/0001213900-22-083555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762322/000121390022083555/ea171001-8k_shifttech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-083555
- JSON: https://secwatch.observer/filing/0001213900-22-083555.json
- Plain text: https://secwatch.observer/filing/0001213900-22-083555.txt

## Key facts
- Listing & Compliance Notices
  SHIFT TECHNOLOGIES, INC. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5550(b)(2), 5810(c)(3)(C)
  source text: December 22, 2022, Shift Technologies, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s Minimum Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq listing rule 5550(b)(2) (the “MVLS Requirement”). The Notice does not impact the listing of the Company’s Class A common stock, par value $0.0001 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762322/000121390022083555/0001213900-22-083555-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.