Online used car marketplace Shift files for Chapter 11 bankruptcy and begins the process to shut down its business, after going public via a SPAC merger in 2020 (Kirsten Korosec/TechCrunch)

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Kirsten Korosec / TechCrunch:
On-line used automobile market Shift information for Chapter 11 chapter and begins the method to close down its enterprise, after going public by way of a SPAC merger in 2020  —  Down goes one other SPAC  —  Shift Applied sciences, the San Francisco-based on-line used automobile startup-turned-publicly traded firm, filed this week for Chapter 11 chapter.