Cohen-backed Insurance Acquisition completed the merger with Shift Technologies in a $380m deal.

Cohen-backed Insurance Acquisition, a publicly traded special purpose acquisition company, completed the merger with Shift Technologies, an e-commerce car selling platform in a $380m deal. "Shift's mission is to make car purchase and ownership simple. Merging with Insurance Acquisition is the next step in our evolution and will enhance our ability to scale our operations as we continue to deliver one of the industry's broadest selections of used cars via our powerful technology platform," George Arison, Shift Co-CEO.