secwatch.observer — SEC 8-K summary
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Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000950170-23-054856
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urgently completes acquisition of Otonomo; combined entity to trade as ULY on Nasdaq
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- Issued ~5.43M shares of common stock at exchange ratio 0.51756 per Otonomo share; implied combined equity ~$282M.
- Existing Urgently holders own 60.3%, Otonomo holders 39.7% of combined company on fully diluted basis.
- Combined company has >100 partnerships covering up to 70M vehicles in 26 countries with 12,000 service providers.
- Two Otonomo directors (Benjamin Volkow, Andrew Geisse) appointed to board; CEO and CFO received RSU grants.
- Amended charter and bylaws effective; S-1 registration statement declared effective by SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017023054856/0000950170-23-054856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017023054856/uly-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-054856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer