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Otonomo Technologies Ltd. - $OTMO STOCK NEWS

Welcome to our dedicated page for Otonomo Technologies Ltd. news (Ticker: $OTMO), a resource for investors and traders seeking the latest updates and insights on Otonomo Technologies Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Otonomo Technologies Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Urgently Inc. announces the anticipated closing of an all-stock transaction with Otonomo Technologies Ltd.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
32.5%
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Rhea-AI Summary
Otonomo shareholders approve business combination with Urgent.ly, creating a new mobility services company. The combined company will operate as Urgent.ly, Inc. and list on Nasdaq under ticker symbol ULY.
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End-of-Day
0.76%
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Rhea-AI Summary
Otonomo Technologies announces Q2 2023 financial results, completed cost reduction initiative, and exchange offer for outstanding warrants. Recurring revenue for Q2 2023 grew 33% YoY, while annual recurring revenue decreased by 13% YoY. The company added 4 new customers and saw an 85% increase in bookings YoY. GAAP operating loss for Q2 2023 was $8.2 million. Cash and cash equivalents as of June 30, 2023, were $119.2 million. Otonomo completed a 1-for-15 reverse share split of its ordinary shares.
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End-of-Day
3.19%
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Rhea-AI Summary
Otonomo announces expiration and results of exchange offer and consent solicitation for its public and private placement warrants. 63.7% of public warrants and all private placement warrants were validly tendered. Company expects to accept all validly tendered warrants for exchange and settlement. Company executed warrant amendment and will exchange remaining untendered warrants for Ordinary Shares on September 7, 2023. Registration Statement on Form F-4 declared effective by SEC.
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End-of-Day
3.75%
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Otonomo extends expiration date for exchange offer and consent solicitation for its outstanding warrants. The offer is now scheduled to expire on August 22, 2023. Holders of warrants have the opportunity to receive 0.0167 Ordinary Shares in exchange for each warrant tendered. The Company is offering up to 230,877 Ordinary Shares in exchange for the warrants.
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3.23%
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5.88%
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-10%
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10.57%
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1.15%
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13.91%
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Otonomo Technologies Ltd.

Nasdaq:OTMO

OTMO Rankings

OTMO Stock Data

52.37M
6.29M
0.38%
Software Publishers
Information
Link
Israel
Herzliya

About OTMO

otonomo is the first neutral automotive data services platform that simply and securely paves the way for the development of new apps and services for drivers, passengers, municipalities, and transportation companies. the otonomo platform ingests automotive data from multiple sources, including oems and other data providers. it cleanses, normalizes, and aggregates the data and enriches it with third-party datasets in order to meet consumers’ privacy expectations, manage compliance, and maximize its value through our global marketplace. the marketplace matches anonymized or personalized datasets and insights to the needs of innovative new apps and services that improve the driving experience and facilitate safer, more convenient automotive transportation. there are over 75 partners in our ecosystem whose goal is to provide services such as vehicle preventive maintenance, public safety, parking, on-demand fueling, in-vehicle delivery, smart city support, and other use cases. otonomo make