Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SFT | Class A Common Stock | Other | -$9.85M | -985K | -7.13% | $10.00 | 12.8M | Oct 13, 2021 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Forfeiture of shares of company common stock held in escrow in connection with the closing of the merger (the "Merger") of Shift Platform, Inc., a Delaware corporation (formerly known as Shift Technologies, Inc.), with a wholly-owned subsidiary of the company, and returned to the company due to the reported closing sale price of the company's common stock not exceeding $12.00 per share for 20 out of any 30 consecutive trading days during the first 12 months following October 13, 2020. |
F2 | The merger agreement entered into in connection with the Merger placed a value on the company's common stock of $10 a share. |