{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-027909","form_type":"8-K","ticker":"ULYX","cik":"0001603652","company_name":"Urgent.ly Inc.","filed_at":"2025-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.160621+00:00","generated_at":"2026-05-26T03:38:15.580939+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Urgently secures $20M ABL facility, extends second lien maturity from March 2025 to July 2026","bullets":["New $20M asset-based revolving credit facility with MidCap Financial; proceeds to repay first lien debt and for working capital.","Second lien loan amended: maturity extended from March 31, 2025 to July 31, 2026; interest rate set at 16% PIK then 13% cash.","Issued 1,358,073 shares to lenders (Highbridge, Onex Credit, Whitebox) as amendment fee; up to 1.34M additional shares if debt not repaid by July 1, 2025.","$2.6M amendment fee incurred under the second lien amendment.","MidCap facility and debt extension support growth in connected mobility services and transform legacy roadside assistance."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-027909","json":"https://secwatch.observer/filing/0000950170-25-027909.json","markdown":"https://secwatch.observer/filing/0000950170-25-027909.md","text":"https://secwatch.observer/filing/0000950170-25-027909.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1603652/000095017025027909/0000950170-25-027909-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1603652/000095017025027909/uly-20250226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T03:38:15.580939+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}