Urgently Receives Nasdaq Notice of Non-Compliance

Rhea-AI Summary

Urgently (NASDAQ:ULY), a digital roadside and mobility assistance technology provider, has received a delisting notice from Nasdaq due to non-compliance with listing requirements. The company fails to meet Rule 5550(b) which requires either: $500,000 in net income, $35.0 million market value of listed securities, or $2.5 million in stockholders' equity.

Urgently plans to request a hearing before the Nasdaq Hearings Panel, which will automatically stay any delisting action. The company will present its compliance plan at the hearing and seek an extension, though there's no guarantee of continued listing approval.

Positive

• Automatic stay of delisting pending hearing outcome
• Opportunity to present compliance plan to Nasdaq Panel

Negative

• Non-compliance with Nasdaq listing requirements
• Risk of potential delisting from Nasdaq
• Failure to meet minimum financial thresholds
• Uncertainty about maintaining Nasdaq listing

News Market Reaction

-5.50% 2.5x vol

2 alerts

-5.50% News Effect

+5.3% Peak Tracked

-$310K Valuation Impact

$5M Market Cap

2.5x Rel. Volume

On the day this news was published, ULY declined 5.50%, reflecting a notable negative market reaction. Argus tracked a peak move of +5.3% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $310K from the company's valuation, bringing the market cap to $5M at that time. Trading volume was elevated at 2.5x the daily average, suggesting increased selling activity.

Data tracked by StockTitan Argus on the day of publication.

Intends to Request Hearing

ASHBURN, Va., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq: ULY) (“Urgently” or the “Company”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that The Nasdaq Stock Market LLC (“Nasdaq”) formally notified the Company that, based upon its non-compliance with Nasdaq Listing Rule 5550(b) (the “Rule”), which requires a minimum of $500,000 in net income (in the most recent fiscal year or two of the last three fiscal years), a $35.0 million market value of listed securities, or $2.5 million in stockholders’ equity, as of September 15, 2025, Urgently’s securities were subject to delisting at the open of business on September 25, 2025 unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “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.

At the hearing, the Company will present its plan to evidence compliance with the Rule and request an extension to do so. The Company is actively pursuing strategies to comply with the Rule; however, there can be no assurance that the Panel will grant the Company’s request for continued listing or that the Company will evidence compliance with all applicable criteria for continued listing on Nasdaq within any extension period that may be granted by the Panel to the Company.

About Urgently

Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.

For media and investment inquiries, please contact:

Press: media@geturgently.com

Investor Relations: investorrelations@geturgently.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Urgently cautions you that statements included in this press release that are not a description of historical facts are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding Urgently’s ability to regain compliance with the Continued Listing Standards and Urgently’s intentions to request a hearing with or submit a plan to evidence compliance with the Continued Listing Standards to Nasdaq within the required time period. Urgently’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of important risks and uncertainties, including without limitation the risk that Urgently may not meet the Continued Listing Standards during any compliance period or in the future, the risk that Nasdaq may not grant Urgently relief from delisting, and the risk that Urgently may not ultimately meet applicable Nasdaq requirements after such relief, if any, is granted, among other important risks and uncertainties. A further description of the risks and uncertainties relating to the business of Urgently is contained in Urgently’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Urgently undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations.

FAQ

Why is Urgently (ULY) facing delisting from Nasdaq?

Urgently is facing delisting for non-compliance with Nasdaq Rule 5550(b), which requires either $500,000 in net income, $35.0 million market value, or $2.5 million in stockholders' equity.

When will Urgently (ULY) be delisted from Nasdaq?

The delisting was set for September 25, 2025, but will be stayed automatically when Urgently requests a hearing before the Nasdaq Hearings Panel.

What options does Urgently (ULY) have to maintain its Nasdaq listing?

Urgently can request a hearing to present its compliance plan and seek an extension. The company must demonstrate how it will meet one of the three financial requirements: net income, market value, or stockholders' equity thresholds.

What are the minimum financial requirements for Urgently (ULY) to maintain Nasdaq listing?

Companies must maintain either $500,000 in net income, $35.0 million in market value of listed securities, or $2.5 million in stockholders' equity.

What happens to Urgently (ULY) stock during the Nasdaq hearing process?

The stock will continue trading on Nasdaq during the hearing process and any extension period granted by the Panel, pending final determination.