 SAN FRANCISCO, May 24, 2021 GLOBE NEWSWIRE -- Shift Technologies, Inc. NASDAQ: SFT today announced its intention to offer, subject to market conditions and other factors, 75,000,000 aggregate principal amount of convertible senior notes due 2026 the notes in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended the Act. Shift also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional 11.25 million aggregate principal amount of the notes. 