secwatch.observer — SEC 8-K summary
======================================

Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0000950170-24-112906
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017024112906/0000950170-24-112906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017024112906/uly-20240930.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-112906

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