Urgent.ly Inc. Announces Reverse Stock Split to Regain Nasdaq Compliance
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Urgent.ly Inc. is implementing a 1-for-12 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The split will be effective after trading closes on March 17, 2025, and trading will resume on a split-adjusted basis on March 18, 2025.
March 13, 2025 | 12:45 pm
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NEUTRAL IMPACT
Nasdaq's compliance rules are prompting Urgent.ly Inc. to conduct a reverse stock split, highlighting the exchange's role in maintaining listing standards.
While Nasdaq's rules are the reason for Urgent.ly's reverse stock split, the direct impact on Nasdaq's stock is minimal as it is a regulatory function.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
POSITIVE IMPACT
Urgent.ly Inc. is conducting a 1-for-12 reverse stock split to comply with Nasdaq's $1.00 minimum bid price rule. This move is crucial for maintaining its Nasdaq listing.
The reverse stock split is a strategic move to increase the stock price and meet Nasdaq's listing requirements, which is positive for maintaining the company's market presence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100