Shift Technologies, Inc. filed combined plan of liquidation and disclosure statement in the US Bankruptcy Court on February 20, 2024. As per the plan filed, administrative expense claims, professional fee claims, priority tax claims, payment of statutory fees and other priority claims shall be paid in full in cash. Secured claims shall be paid in full in cash.

General unsecured claims shall receive a pro rata beneficial interest in the liquidating trust and distributions therefrom. Intercompany claims and equity interests shall be deemed void, cancelled, and of no further force and effect without any distribution. The plan shall be funded from available cash and sale of assets.