Urgently receives noncompliance notification from Nasdaq

Urgently (ULY) announced that Nasdaq formally notified the company that, based upon its non-compliance with Nasdaq Listing Rule 5550, which requires a minimum of $500,000 in net income, a $35M market value of listed securities, or $2.5M in stockholders’ equity, as of September 15, Urgently’s securities were subject to delisting at the open of business on September 25 unless the company timely requests a hearing before the Nasdaq Hearings Panel. Urgently plans to timely request a hearing before the panel, which request will automatically stay any further action by Nasdaq at least pending the conclusion of the hearing and the expiration of any extension period that may be granted by the panel following the hearing.