Brief: Carlotz Announces Second Quarter Fiscal 2022 Financial Results

Shift Technologies

09/08/2022 23:17

Aug 9 (Reuters) - Carlotz Inc  LOTZ.O :
    * CARLOTZ ANNOUNCES SECOND QUARTER FISCAL 2022 FINANCIAL
RESULTS
    * Q2 REVENUE ROSE 51 PERCENT TO $76.5 MILLION
    * Q2 LOSS PER SHARE $0.31
    * CARLOTZ - UNDER TERMS OF MERGER AGREEMENT, CARLOTZ
SHAREHOLDERS
EXPECTED TO RECEIVE ABOUT  0.692158 SHARES OF SHIFT COMMON STOCK
FOR EACH SHARE OF CARLOTZ
    * UPON CLOSING OF MERGER SHIFT'S THEN-CURRENT EQUITY HOLDERS
WILL
OWN APPROXIMATELY 52.9% OF COMBINED COMPANY
    * UPON CLOSE CARLOTZ'S THEN-CURRENT EQUITY HOLDERS WILL OWN
APPROXIMATELY 47.1% OF COMBINED COMPANY,

Source text for Eikon:  ID:nGNX7BPmMk 
Further company coverage:  LOTZ.O 

 ((Reuters.Briefs@thomsonreuters.com;))