(RTTNews) - 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.
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