secwatch.observer — SEC 8-K summary
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Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0000950170-25-038354
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urgent.ly announces 1-for-12 reverse stock split to regain Nasdaq minimum bid compliance
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- Reverse split ratio 1-for-12 effective as of 4:01 p.m. ET on March 17, 2025; trading on split-adjusted basis begins March 18.
- Authorized common shares reduced from 1,000,000,000 to 500,000,000; par value unchanged at $0.001.
- Stockholders approved at March 12 special meeting with 6,711,154 votes for, 107,372 against.
- Fractional shares to be paid in cash based on closing price on March 17, adjusted for split; CUSIP changes to 916931207.
- Outstanding warrants, options, and RSUs proportionally adjusted; ticker symbol ULY unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025038354/0000950170-25-038354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025038354/uly-20250312.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-038354

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