SFT Price Action: According to Benzinga Pro, Shift Technologies shares are up 135% at 25 cents at the time of publication. Related News: What's Going On With Nikola Corporation Stock Today? (the Company) entered into confidentiality agreements. On May 31, 2023, Shift Technologies, Inc. Shares of SFT are moving on heavy trading volume on Wednesday ahead of the pending delisting.Īccording to data from Benzinga Pro, more than 88 million shares have already been traded in the session, compared to the stock's 100-day average of 2.121 million shares. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Foy continued to be employed in a non-executive capacity with the Company through. In order to ensure an orderly transition of responsibilities, Mr. (the Company ) announced that Sean Foy was no longer the Chief Operating Officer of the Company, effective June 23, 2023. Shift Technologies, Inc. does not intend to appeal the delisting determination and SFT stock will be suspended by Nasdaq at the opening of business on Thursday. As previously announced on June 28, 2023, Shift Technologies, Inc. On Oct. 10, Shift Technologies was notified by the Nasdaq that it commenced proceedings to delist the common stock has determined that shares of SFT will be delisted from the Nasdaq due to the company’s filing of voluntary cases under Chapter 11 of the bankruptcy code. SFT shares are volatile Wednesday and the stock is set to be listed from the Nasdaq at the start of business Thursday.
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