The Lithia Motors, BMW and Alliance Ventures-backed automotive e-commerce marketplace is set to go public through a reverse merger with Insurance Acquisition.

Shift Technologies, a US-based online used car retailer backed by corporates BMW and Lithia Motors as well as multi-corporate venturing fund Alliance Ventures, announced on Monday it will go public through a reverse merger. The company will merge with Insurance Acquisition, a special purpose acquisition vehicle listed on Nasdaq. The deal is expected to close…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.