SHIFT TECHNOLOGIES, INC.

Insurance Acquisition Corp, trading under the ticker INSU, was a blank-check company that completed its initial public offering in 2019 with a focus on the insurance and financial services sector. Sponsored by a team with deep insurance-industry backgrounds, the SPAC filed an 8-K on June 29, 2020, disclosing a definitive business combination agreement with Shift Technologies, Inc., an online used-vehicle marketplace, representing a pivot toward the automotive commerce space. Following shareholder approval and regulatory clearance, the combined entity began trading under the ticker SFT. The deal marked one of several SPAC combinations during 2020 that targeted technology-enabled consumer platforms. Sign up at SpacDesk for full filing history, deal timelines, and sponsor data on INSU and hundreds of other SPACs.