---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-018567"
form_type: "8-K"
ticker: null
cik: "0001762322"
company_name: "SHIFT TECHNOLOGIES, INC."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:38:40.854828+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shift Technologies executes 1-for-10 reverse stock split to meet Nasdaq minimum bid price

## Summary
- Reverse stock split effective March 8, 2023 at 12:01 a.m. ET; every 10 shares become 1 share.
- Common stock continues trading on Nasdaq under symbol SFT; new CUSIP 82452T 305.
- Goal: regain compliance with $1.00 minimum bid price requirement by April 3, 2023.
- No fractional shares issued; cash payment in lieu for fractional entitlements.
- Shareholder-approved at Dec 7, 2022 special meeting; Board approved 1:10 ratio.

## SEC filing metadata
- accession: 0001213900-23-018567
- form_type: 8-K
- cik: 0001762322
- company_name: SHIFT TECHNOLOGIES, INC.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762322/000121390023018567/0001213900-23-018567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762322/000121390023018567/ea174827-8k_shifttech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-018567
- JSON: https://secwatch.observer/filing/0001213900-23-018567.json
- Plain text: https://secwatch.observer/filing/0001213900-23-018567.txt

## Key facts
- Governance Changes
  SHIFT TECHNOLOGIES, INC.: Amended Certificate of Incorporation to effect a 1-for-10 reverse stock split (effective 2023-03-08).
  - Change: charter amendment
  - Effective: 2023-03-08
  source text: As previously disclosed, on December 7, 2022, the stockholders of Shift Technologies, Inc. (the “Company”) approved a proposal at a special meeting of stockholders (the “Special Meeting”) to amend the Company’s Second Amended & Restated Certificate of Incorporation (the “Certificate of Incorporation”) to effect a reverse stock split (the “Reverse Stock Split”) of the Company’s Class A common stock, par value $0.0001 (“Class A common stock”), at a ratio between one-for-five (1:5) and one-for-ten (1:10) (the “Split Ratio Range”), with the final determination of a ratio within the Split Ratio Range to be approved by the Board of Directors of the Company (the “Board”). Following the Special Meeting, the Company’s Board of Directors approved a final split ratio of one-for-ten (1:10). Following such approval, on March 7, 2023, the Company filed an amendment to its Certificate of Incorporation (the “Charter Amendment”) with the Secretary of State of the State of Delaware to effect the reverse
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762322/000121390023018567/0001213900-23-018567-index.htm

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