---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-032061"
form_type: "8-K"
ticker: null
cik: "0001762322"
company_name: "SHIFT TECHNOLOGIES, INC."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T19:15:12.114738+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Nasdaq notice on April 19, 2023: MVLS below $35M minimum for 30 consecutive days.
- Also not meeting Nasdaq equity ($5550(b)(1)) or net income ($5550(b)(3)) standards.
- 180-day compliance period expires October 16, 2023; stock continues trading in interim.
- Company to monitor MVLS and may evaluate options; no assurance of regaining compliance.

## SEC filing metadata
- accession: 0001213900-23-032061
- form_type: 8-K
- cik: 0001762322
- company_name: SHIFT TECHNOLOGIES, INC.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762322/000121390023032061/0001213900-23-032061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762322/000121390023032061/ea177397-8k_shifttech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-032061
- JSON: https://secwatch.observer/filing/0001213900-23-032061.json
- Plain text: https://secwatch.observer/filing/0001213900-23-032061.txt

## Key facts
- Listing & Compliance Notices
  SHIFT TECHNOLOGIES, INC. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5550(b)(2), 5550(b)(1), 5550(b)(3)
  source text: April 19, 2023, 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 Market 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 “Market Value Standard”). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rules 5550(b)(
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762322/000121390023032061/0001213900-23-032061-index.htm

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