Urgent.ly announces reverse stock split to regain Nasdaq compliance

Urgent.ly announced that it will effect a reverse stock split of its common stock at a reverse stock split ratio of 1-for-12, effective as of the close of trading on March 17, 2025, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5550(a)(2). Urgently’s (ULY) common stock is expected to begin trading on a reverse-split-adjusted basis on Nasdaq as of the open of trading on March 18, 2025 under the existing ticker symbol “ULY.”