Urgent.ly Inc. (ULY) will implement a 1-for-12 reverse stock split, effective at the close of trading on March 17, 2025, to comply with Nasdaq's minimum $1.00 bid price requirement.
The company's stock will begin trading on a split-adjusted basis on March 18, 2025, under the existing ticker symbol "ULY."
Approved by stockholders on March 12, 2025, the reverse split will reduce issued and outstanding common shares from 1 billion to 500 million, while preferred shares remain at 100 million.
ULY is currently trading at $0.3301 or 35.2237% lower on the Nasdaq Capital Market.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.