Shift (SFT) Publicizes Regaining Compliance with Nasdaq Itemizing Requirement
Shift (Nasdaq: SFT), a number one end-to-end auto ecommerce platform remodeling the used automobile business with a technology-driven, hassle-free buyer expertise, introduced in the present day that on March 22, 2023, the Firm acquired formal discover from the Itemizing {Qualifications} Division of The Nasdaq Inventory Market (“Nasdaq”) indicating that Shift has evidenced compliance with the minimal bid value requirement set forth in Nasdaq Itemizing Rule5550(a)(2). The discover indicated that on account of the closing bid value of the Firm’s frequent inventory having been at the least $1.00 per share for at least 10 consecutive enterprise days, the Firm has regained compliance with Nasdaq Itemizing Rule 5550(a)(2) and suggested that this matter is now closed.
About Shift
Shift is a consumer-centric omnichannel retailer remodeling the used automobile business by leveraging its end-to-end ecommerce platform and retail areas to supply a technology-driven, hassle-free buyer expertise. Shift’s mission is to make automobile buy and possession easy — to make shopping for or promoting a used automobile enjoyable, truthful, and accessible to everybody. Shift supplies complete, digital options all through the automobile possession lifecycle, enabling prospects to buy a automobile on-line with financing and automobile safety merchandise, and a imaginative and prescient to supply high-value assist companies throughout automobile possession. For extra info please go to www.shift.com.
