PHILADELPHIA, June 30, 2020: Morgan Lewis is representing Insurance Acquisition Corp., a publicly traded special-purpose acquisition company, in a definitive merger agreement with Shift Technologies Inc., an e-commerce platform on a mission to make car buying convenient, fair, and accessible for everyone. The transaction is expected to close in the third quarter of 2020.
Under the terms of the agreement, subject to the completion of conditions precedent, Shift will combine with Insurance Acquisition, following which the company intends to change its name to Shift Technologies Inc.
Partners Kevin Shmelzer, Todd Hentges, and Sean Donahue represent Insurance Acquisition.
For more, read Insurance Acquisition and Shift’s announcement.