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Urgent.ly Inc ( (ULY) ) just unveiled an announcement.
On March 12, 2025, Urgent.ly Inc. announced a 1-for-12 reverse stock split of its common stock to regain compliance with Nasdaq’s minimum bid price requirement. The reverse stock split, approved by stockholders, will take effect on March 17, 2025, reducing the total number of authorized common shares from 1 billion to 500 million. This move aims to enhance the marketability and liquidity of Urgent.ly’s stock, with trading on a reverse-split-adjusted basis beginning March 18, 2025.
More about Urgent.ly Inc
Urgently Inc. is a leading provider of digital roadside and mobility assistance technology and services. The company leverages a digitally native software platform that integrates location-based services, real-time data, AI, and machine-to-machine communication. Urgently caters to automotive, insurance, telematics, and other transportation-focused verticals, offering connected roadside assistance services that enhance user experiences and drive customer satisfaction and loyalty globally.
YTD Price Performance: 10.65%
Average Trading Volume: 3,109,563
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.97M
For an in-depth examination of ULY stock, go to TipRanks’ Stock Analysis page.