secwatch.observer — SEC 8-K summary
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Issuer:     SHIFT TECHNOLOGIES, INC. (—)
CIK:        0001762322
Form:       8-K
Filed at:   2022-12-29T23:59:59+00:00
Accession:  0001213900-22-083555
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1762322/000121390022083555/0001213900-22-083555-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1762322/000121390022083555/ea171001-8k_shifttech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-083555

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