 SAN FRANCISCO, Dec. 24, 2020 GLOBE NEWSWIRE -- Shift Technologies, Inc. NASDAQ: SFT, Shift , a leading end-to-end ecommerce platform for buying and selling used cars, today announced the completion of its previously announced exchange offer the Offer and consent solicitation relating to its publicly traded warrants. The Company was advised that 6,980,262 publicly traded warrants, including 3,958 public warrants tendered through guaranteed delivery, representing approximately 92.7 of the total public warrants outstanding, were validly tendered and not withdrawn prior to the expiration of the Offer. The Company expects to issue an aggregate of 1,745,078 shares of Class A common stock Common Stock and pay 6,980,262 in cash in exchange. The Company also executed an amendment to the warrant agreement governing its outstanding warrants and expects to exchange all remaining outstanding warrants on January 8, 2021 in exchange for an aggregate of approximately 124,253 shares of Common Stock and 497,009 in cash the Redemption. 