NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CarLotz, Inc. ("CarLotz" or the "Company") (NASDAQ:LOTZ), in connection with the proposed merger of the Company with Shift Technologies, Inc. ("Shift") (NASDAQ:SFT). Under the terms of the merger agreement, Company shareholders will receive 0.692158 shares of Shift common stock for each share of CarLotz common stock, leaving then- current Shift equity holders owning approximately 52.9% and CarLotz then-current equity holders owning approximately 47.1% of the combined company upon closing of the transaction.
Read more at prnewswire.comSHAREHOLDER ALERT: Weiss Law Investigates CarLotz, Inc.
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