SHIFT TECHNOLOGIES, INC.
Closed (deSPAC)Consumer Discretionary · used car e-commerce and retail platform
- What it is
- A private company in consumer discretionary preparing to list via a SPAC merger. Full profile in progress.
- What it’s doing now
- Merging with Insurance Acquisition Corp. (INSU) — closed (despac).
- What you should know
- The deal carries a $58M minimum-cash condition — heavy redemptions can break it.
What the company says about itself
Web research — not auditedShift Technology provides AI agents for the insurance industry to transform critical work such as claims handling, fraud detection, and subrogation. Their solutions include Coverage & Liability, Fraud & Risk, Subrogation, Injury, Process, Payment Integrity, and an Insurance Data Network (IDN). The company claims to be trusted by 100% of the top 5 U.S. P&C insurers and has analyzed over 4 billion policies, claims, and documents.
- Markets:
- Insurance | P&C Insurance | Healthcare
- Products:
- Coverage & Liability | Fraud & Risk | Subrogation | Injury | Process | Payment Integrity | Insurance Data Network (IDN)
- Customers:
- AXA Switzerland | Assurant | Markerstudy Insurance Services Limited | Mitsui Sumitomo | Amica
Source: https://www.shift-technology.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
SHIFT TECHNOLOGIES, INC. is merging with Insurance Acquisition Corp. (INSU) currently marked Closed (deSPAC).
| Headline equity value | — |
| Minimum cash to close | $58M |
Structure per SEC accession(s) 0001762322-22-000087, 0001140361-22-034638. How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Common questions
Is SHIFT TECHNOLOGIES, INC. going public?
SHIFT TECHNOLOGIES, INC. has an approved merger with the SPAC Insurance Acquisition Corp. (INSU). Deal status: Closed (deSPAC).
Does SHIFT TECHNOLOGIES, INC. have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.
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