Urgent.ly (ULY) merger: Parent files Schedule TO-C, tender offer pending
Filing Impact
Filing Sentiment
Form Type
SC TO-C
Rhea-AI Filing Summary
Urgent.ly Inc. disclosed a Schedule TO-C related to a proposed acquisition by Agero, Inc. through its subsidiary Medford Hawk, Inc. under an Agreement and Plan of Merger dated March 13, 2026. The filing states the tender offer has not yet commenced and includes a Waiver of Offer Commencement Deadline.
The communication is informational only and states that when the tender offer is commenced, Parent and Purchaser will file a Tender Offer Statement on Schedule TO and the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9.
Positive
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Negative
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FAQ
What does Urgent.ly (ULY) disclose in this Schedule TO-C?
The filing notifies stockholders of a proposed acquisition and an Agreement and Plan of Merger dated March 13, 2026. It states the tender offer has not yet commenced and includes a Waiver of the Offer Commencement Deadline; further materials will be filed with the SEC.
Has the tender offer for Urgent.ly (ULY) started?
No. The Schedule TO-C explicitly states the tender offer has not commenced. It explains that Parent and Purchaser will file a Tender Offer Statement on Schedule TO when the offer begins and the Company will file a Schedule 14D-9 thereafter.
What is the significance of the Waiver of Offer Commencement Deadline?
The exhibit listed is a Waiver of Offer Commencement Deadline, indicating a procedural extension related to timing. The Schedule TO-C includes the waiver as Exhibit 99.1 but provides no additional financial terms or new timing specifics in the excerpt.
Does the Schedule TO-C include financial terms or deal consideration for Urgent.ly (ULY)?
No. The provided Schedule TO-C excerpt contains no purchase price, consideration, or cash-and-stock terms. It is informational and states that full tender offer materials will be filed with the SEC when the offer commences.