{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-005929","form_type":"8-K","ticker":"ULYX","cik":"0001603652","company_name":"Urgent.ly Inc.","filed_at":"2024-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.778722+00:00","generated_at":"2026-06-06T20:40:19.389467+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Urgently wins multi-year deal with global top 5 OEM; loses customer representing 25% of revenue","bullets":["New multi-year engagement with a global top 5 US-based automotive OEM for luxury brand starting 2024.","Customer partner (~25% of prior revenue) will not renew its contract, expiring January 31, 2024.","Amended loan agreements: prepaid $17.5M term loans under Structural Loan, extended maturity to Jan 1, 2025; $10M outstanding.","Fourth Amendment to Highbridge Loan allows subsidiary guarantors; $40M outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-005929","json":"https://secwatch.observer/filing/0000950170-24-005929.json","markdown":"https://secwatch.observer/filing/0000950170-24-005929.md","text":"https://secwatch.observer/filing/0000950170-24-005929.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1603652/000095017024005929/0000950170-24-005929-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1603652/000095017024005929/uly-20240119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:40:19.389467+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2713214a825d2671255a0c8ddf9d5ff3bf7b2e4c","claim":"Urgent.ly Inc. amended Fourth Amendment to Loan and Security Agreement with Alter Domus (US) LLC valued at $40.0 million aggregate principal amount of term loans outstanding under the Amended Highbridge Loan (effective 2024-01-19).","evidence_excerpt":"On January 19, 2024, Urgent.ly Inc. (the “Company”) entered into a Fourth Amendment to Loan and Security Agreement (the “Fourth Highbridge Amendment”), among the Company, the other loan parties party thereto, the lenders party thereto and Alter Domus (US) LLC, as administrative and collateral agent (in such capacity, the “HB Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603652/000095017024005929/0000950170-24-005929-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Alter Domus (US) LLC"},{"label":"Value","value":"$40.0 million aggregate principal amount of term loans outstanding under the Amended Highbridge Loan"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"},{"claim_id":"34266f7a42923c05051047c8953ca77d09fb0d05","claim":"Urgent.ly Inc. entered into Third Amended and Restated Loan and Security Agreement with Ocean II PLO LLC valued at $10.0 million aggregate principal amount of term loans outstanding (effective 2024-01-19).","evidence_excerpt":"On January 19, 2024, Urgent.ly Inc. (the “Company”) entered into a Third Amended and Restated Loan and Security Agreement (the “Third A&R Structural Loan Agreement”), among the Company, the other loan parties party thereto, the lenders party thereto and Ocean II PLO LLC, as administrative and collateral agent (in such capacity, the “SCI Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603652/000095017024005929/0000950170-24-005929-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Ocean II PLO LLC"},{"label":"Value","value":"$10.0 million aggregate principal amount of term loans outstanding"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}