Core Viewpoint - Urgently Inc. has received a notice from Nasdaq indicating that its net income from continuing operations has fallen below the minimum requirement for continued listing on the Nasdaq Capital Market, which may lead to potential delisting if compliance is not achieved [1][2]. Group 1: Compliance and Listing Standards - Urgently has 45 calendar days, until May 5, 2025, to submit a Compliance Plan to Nasdaq to regain compliance with the Continued Listing Standards [2]. - If Nasdaq accepts the Compliance Plan, an extension of up to 180 calendar days may be granted; otherwise, Urgently's common stock may be subject to delisting [2][3]. - The company intends to submit the Compliance Plan within the required timeframe, but there is no assurance that it will be accepted or that compliance can be regained [3]. Group 2: Company Overview - Urgently is a leading provider of digital roadside and mobility assistance technology and services, focusing on enhancing driver safety and experience through innovative technology [4]. - The company's platform integrates location-based services, real-time data, AI, and machine-to-machine communication to deliver connected roadside assistance solutions across various transportation sectors [4].
Urgently Notified By Nasdaq Of Non-Compliance With Nasdaq's Continued Listing Standards