SHIFT, Inc. (TSE:3697) agreed to acquire CLUTCH Inc from Clutch Co., Ltd. for approximately ¥850 million on July 21, 2020. SHIFT, Inc. entered into a share purchase agreement to acquire CLUTCH Inc from Clutch Co., Ltd. on August 11, 2020. As part of the transaction, SHIFT, Inc. will acquire 100 shares of CLUTCH Inc from Clutch Co., Ltd. Board of directors of SHIFT, Inc. resolved the transaction and expected date of closing is late September, 2020.