Item 2.01 Completion of Acquisition or Disposition of Assets. On December 9, 2022, Shift Technologies, Inc., a Delaware corporation ("Shift"), completed the previously announced acquisition of CarLotz, Inc., a Delaware corporation (the "Company," "CarLotz," "we" or "us"), pursuant to the Agreement and Plan of Merger dated as of August 9, 2022 (the "Merger Agreement"), by and among Shift, Shift Remarketing Operations, Inc., a Delaware corporation and direct wholly owned subsidiary of Shift ("Merger Sub"), and CarLotz. Pursuant to the Merger Agreement, Merger Sub merged with and into CarLotz, with CarLotz continuing as the surviving corporation and a wholly owned subsidiary of Shift (the "Merger").