Otonomo Announces Shareholder Approval Of Business Combination With Urgently; Transaction Expected to Occur Before End Of Oct.; Combined Company Will Operate Under Name "Urgent.ly" With Ticker "ULY" Subject Approval Of Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Shareholders of Otonomo have approved the business combination with Urgently. The transaction is expected to be completed by the end of October. The combined company will operate under the name 'Urgent.ly' and will trade under the ticker 'ULY', subject to Nasdaq approval.
September 19, 2023 | 8:29 pm
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Otonomo's shareholders have approved a merger with Urgently. The combined company will trade under the ticker 'ULY', pending Nasdaq approval.
The approval of the merger by Otonomo's shareholders is a significant step towards the completion of the transaction. This could potentially lead to increased investor interest and a positive impact on the stock price in the short term. However, the final impact will depend on the approval of Nasdaq and the market's reception of the new entity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100