Urgent.ly Inc. Files 8-K with Material Agreement

TL;DR

URGENTLY filed an 8-K on 12/31/24 for a material definitive agreement. Details TBD.

AI Summary

On December 31, 2024, Urgent.ly Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this filing. The company also reported other events and filed financial statements and exhibits. The filing was made on January 2, 2025, with the fiscal year ending December 31, 2024.

Why It Matters

This 8-K filing indicates a significant new agreement for Urgent.ly Inc., which could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could represent significant opportunities or risks for the company, but the lack of specific details makes the immediate impact uncertain.

Key Numbers

• 001-41841 — SEC File Number (Identifies the company's filings with the SEC.)
• 46-2848640 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Urgent.ly Inc. (company) — Registrant
• December 31, 2024 (date) — Date of earliest event reported
• January 2, 2025 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• 8609 Westwood Center Drive, Suite 810 Vienna, VA 22182 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common stock, par value $0.001 per share ULY NASDAQ Indicate by
• $3.0 m — an aggregate principal amount equal to $3.0 million, together with accrued and unpaid

Filing Documents

• uly-20241231.htm (8-K) — 48KB
• uly-ex99_1.htm (EX-99.1) — 14KB
• img120042339_0.jpg (GRAPHIC) — 5KB
• img120042339_1.jpg (GRAPHIC) — 5KB
• 0000950170-24-141715.txt ( ) — 205KB
• uly-20241231.xsd (EX-101.SCH) — 30KB
• uly-20241231_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. First Amendment to Third Amended and Restated First Lien Loan and Security Agreement On December 31, 2024, Urgent.ly Inc. (the "Company") entered into a First Amendment to Third Amended and Restated Loan and Security Agreement (the "First Amendment to Third A&R First Lien Loan Agreement"), among the Company, the other loan parties party thereto, the lenders party thereto and Ocean II PLO LLC, as administrative and collateral agent (in such capacity, the "First Lien Agent"). The First Amendment to Third A&R First Lien Loan Agreement amends that certain Third Amended and Restated Loan Agreement, dated as of January 19, 2024 (the "Third A&R First Lien Loan Agreement"), among the Company, the other loan parties party thereto, the lenders from time to time party thereto and the First Lien Agent, to, among other things, permit the partial repayment of term loans in an aggregate principal amount equal to $3.0 million, together with accrued and unpaid interest payable in connection therewith and certain fees applicable thereto, and to extend the maturity date of the loans under the First Amendment to Third A&R First Lien Loan Agreement to February 1, 2025. Additional details of the Third A&R First Lien Loan Agreement were previously disclosed in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 13, 2024, and are incorporated herein by reference. The foregoing description of the First Amendment to Third A&R First Lien Loan Agreement and the transactions contemplated thereby is not complete and is subject to, and qualified in its entirety by reference to, the First Amendment to Third A&R First Lien Loan Agreement, a copy of which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Fifth Amendment to Second Lien Loan and Security Agreement On December 31, 2024, the Company entered into a

01 Other Events

Item 8.01 Other Events. On December 31, 2024, the Company issued a press release announcing the First Amendment to Third A&R First Lien Loan Agreement and Fifth Amendment. A copy of the press release is filed herewith as Exhibit 99.1 and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release dated December 31, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: December 31, 2024 URGENT.LY INC. By: /s/ Timothy C. Huffmyer Timothy C. Huffmyer Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR