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Shift Technologies (Insurance Acquisition) Priced, Nasdaq: SFT

Blank check company backed by Cohen & Company and targeting the insurance industry (completed 10/13/2020).

Industry: SPAC

First Day Return: +1.0%

Industry: SPAC

We are a blank check company that will seek to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination, with one or more businesses or assets. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target. We have generated no operating revenues to date and we do not expect that we will generate operating revenues until we consummate our initial business combination. We currently intend to concentrate our efforts on identifying businesses providing insurance or insurance related services, with particular emphasis on regulated insurance or reinsurance companies. We are not, however, required to complete our initial business combination with an insurance business. While we may pursue a business combination outside of that industry, we believe a focus on the insurance sector best combines the expertise and experience of our management team with a sector that offers attractive investment opportunities.
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IPO Data
IPO File Date 02/19/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 13.1
Deal Size ($mm) $131
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/19/2019
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $131
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Philadelphia, PA, United States
Founded 2018
Employees at IPO 3

Shift Technologies (Insurance Acquisition) (SFT) Performance