Core Insights - Urgently Inc. has reached an agreement with lenders to improve its capital structure, including a new credit facility of up to $20 million to support business growth initiatives [1][2] - The new credit facility will be utilized to repay existing debt and advance Urgently's mission to transform the roadside assistance market and develop connected mobility assistance services [1][2] - The support from financial partners indicates confidence in Urgently's business model and growth potential [3] Financial Structure Improvements - Urgently has entered into a new asset-based revolving credit facility for up to $20 million with MidCap Financial [1] - Certain funds managed by Highbridge Capital Management, Onex Credit, and Whitebox Advisors have agreed to forego certain fees in exchange for 1,358,073 shares of Urgently's common stock and an extension of second lien term loans until July 31, 2026 [2][3] Business Strategy and Market Position - Urgently aims to transform the legacy roadside assistance market and develop new connected mobility assistance services on a global scale [2] - The company utilizes technology to enhance the consumer roadside experience, indicating a strong focus on innovation and customer satisfaction [2][3] - Urgently's digital platform combines location-based services, real-time data, AI, and machine-to-machine communication to deliver exceptional user experiences [4]

VIENNA, Va., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders on a short-term extension to its term loan agreements while it continues to work on overall capital structure improvements. Urgently has agreed with its first lien lenders, among other things, to a short-term extension of the maturity date of such term loans ...

VIENNA, Va, Jan. 27, 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 its board of directors has appointed Alex Zyngier to serve as a member of the board, effective January 23, 2025. “Alex is a seasoned leader with a proven track record of navigating complex business challenges and driving growth,” said Matt Booth, Chief Executive Officer and President of Urg ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File Number: 001-41841 URGENT.LY INC. (Exact Name of Registrant as Specified in its Charter) Delaware 46-284 ...

EXHIBIT 99.1 URGENTLY ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS Third Quarter Results In Line With Expectations; Continued Progress with Customer Partner Renewals VIENNA, VA – November 12, 2024 – Urgent.ly Inc. (Nasdaq: ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the third quarter ended September 30, 2024. "We are pleased with our third quarter results, which were in line with our revenue expe ...

VIENNA, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced the date for the release of its third quarter 2024 financial results and its participation in upcoming investor conferences. Third Quarter 2024 Earnings Urgently will host a conference call on Tuesday, November 12, 2024, at 5:00 p.m. Eastern Time to discuss its financial results for the third quarter ende ...

VIENNA, Va., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (Nasdaq: ULY) ("Urgently"), a U.S.- based leading provider of digital roadside and mobility assistance technology and services, today announced the strategic divestiture of its wholly owned subsidiary, The Floow, a leading provider of connected insurance technology. The transaction is part of Urgently's strategic effort to divest non-core assets and dedicate its resources to advancing its core business. Urgently powers the roadside assistance p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File Number: 001-41841 URGENT.LY INC. (Exact Name of Registrant as Specified in its Charter) Delaware 46-2848640 ...

EXHIBIT 99.1 URGENTLY ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS Second Quarter Results In Line With Expectations; Reflects Focus On Delivering Customer Partner Expansion and Renewals VIENNA, VA – August 12, 2024 – Urgent.ly Inc. (Nasdaq: ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the second quarter ended June 30, 2024. "We are pleased with our second quarter results, which were in line with ...

VIENNA, Va., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq: ULY) ("Urgently"), a U.S.- based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the second quarter ended June 30, 2024. "We are pleased with our second quarter results, which were in line with our revenue expectations. I am proud of the effort across the entire team to deliver renewals of all three customer partner contracts that were set to conclude, and which c ...