INSUEUR
Insurance Acquisition Corp.
A special purpose acquisition company (SPAC), or blank-check company, created to raise money from public investors and later merge it into an operating business. Formed by a team tied to the insurance industry, Insurance Acquisition Corp. went public in 2019 and used its funds to take Shift Technologies, an online used-car marketplace, public in 2020. Its name reflected the insurance background of the sponsors who launched it.
SPACUnderlying: INSUEURCUSIP: 457867109Consumer DiscretionaryUS1 holder
Class A Common Stock — Bankrupt: merged with Shift Technologies (SFT) in 2020; Shift filed Chapter 11 bankruptcy in October 2023 and was delisted