Shift Completes Merger with Insurance Acquisition Corp. on its Path to Public Listing, Transaction Delivers $340 Million to Support Growth and Working Capital Shift will begin trading on NASDAQ under ticker SFT on October 14, 2020 Shift’s senior management to host investor conference call on October 14, 2020 at 8:00am EDT SAN FRANCISCO, Calif., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Shift, a leading end-to-end ecommerce platform for buying and selling used cars, and Insurance Acquisition Corp. (Nasdaq: INSU), a publicly traded special purpose acquisition company sponsored by Cohen Company (NYSE American: COHN), have announced the closing of their previously announced business combination. The business combination, which was approved on October 13, 2020, by INSU’s stockholders, brings the newest pure-play in the used car ecommerce market to the public markets. The transaction provides Shift with approximately $300 million, net of fees and expenses. Beginning October 14, 2020, Shift’s shares of Class A common stock will trade on the Nasdaq under the ticker symbol “SFT” and warrants under ticker symbol “SFTTW.” Shift’s co-CEOs, George Arison and Toby Russell, will host an investor update call on October 14, 2020 at 8:00am EDT.Shift has built a state-of-the-art automotive ecommerce company powered by its unique technology platform and service model.