Urgent.ly (ULY) receives Nasdaq deficiency notice for bid price below $1.00; has 180 days to cure

Urgent.ly Inc.

Nasdaq notified Urgently on Sep 30, 2024 that bid price closed below $1.00 for 30 consecutive business days.
Compliance period ends March 31, 2025; need closing bid price >= $1.00 for at least 10 consecutive days.
If not cured, may qualify for a second 180-day period if other listing standards are met.
Company may propose a reverse stock split to regain compliance; no guarantee of success.
No immediate impact on Nasdaq listing or trading of ULY common stock.

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