Urgent.ly Inc. Files 8-K: Material Agreement
Ticker: ULY · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1603652
| Field | Detail |
|---|---|
| Company | Urgent.Ly Inc. (ULY) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
URGENTLY files 8-K for material agreement - details TBD.
AI Summary
On January 31, 2025, Urgent.ly Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes other events and financial statements/exhibits, but specific details of the agreement, dollar amounts, or other parties involved are not provided in this excerpt.
Why It Matters
This filing indicates a significant new agreement for Urgent.ly Inc., which could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could be positive or negative, but the lack of specific details makes the immediate impact uncertain.
Key Players & Entities
- Urgent.ly Inc. (company) — Registrant
- January 31, 2025 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 571-350-3600 (phone_number) — Business Phone
- 8609 Westwood Center Drive, Suite 810 (address) — Business Address
- Vienna, VA 22182 (address) — Business Address City/State/Zip
FAQ
What is the nature of the material definitive agreement filed by Urgent.ly Inc.?
The provided excerpt does not specify the details of the material definitive agreement.
Who are the other parties involved in this material definitive agreement?
The excerpt does not mention any other parties involved in the agreement.
What is the effective date of the material definitive agreement?
The filing date is January 31, 2025, and it is the earliest event reported, suggesting the agreement is effective around this date, but a specific effective date is not explicitly stated.
Are there any financial implications mentioned for Urgent.ly Inc. related to this agreement?
The excerpt mentions 'Financial Statements and Exhibits' but does not detail specific financial implications of the agreement.
What is the purpose of filing this 8-K report on January 31, 2025?
The purpose is to report a material definitive agreement, other events, and financial statements and exhibits as required by the SEC.
Filing Stats: 914 words · 4 min read · ~3 pages · Grade level 12 · Accepted 2025-01-31 17:05:08
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share ULY NASDAQ Indicate by
Filing Documents
- uly-20250131.htm (8-K) — 51KB
- uly-ex99_1.htm (EX-99.1) — 14KB
- img120042339_0.jpg (GRAPHIC) — 14KB
- img120042339_1.jpg (GRAPHIC) — 14KB
- 0000950170-25-011866.txt ( ) — 231KB
- uly-20250131.xsd (EX-101.SCH) — 30KB
- uly-20250131_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Second Amendment to Third Amended and Restated First Lien Loan and Security Agreement On January 31, 2025, Urgent.ly Inc. (the "Company") entered into a Second Amendment to Third Amended and Restated Loan and Security Agreement (the "Second 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 Second 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, extend the maturity date of the loans under the Third A&R First Lien Loan Agreement, as previously amended by the First Amendment to Third Amended and Restated Loan and Security Agreement, dated December 31, 2024, to February 15, 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 Second 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 Second 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. Sixth Amendment to Second Lien Loan and Security Agreement On January 31, 2025, the Company entered into a Sixth Amendment to Loan and Security Agreement (the "Sixth Amendment"), among the Company, the lender
01 Other Events
Item 8.01 Other Events. On January 31, 2025, the Company issued a press release announcing the Second Amendment to Third A&R First Lien Loan Agreement and Sixth 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 January 31, 2025. 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: January 31, 2025 URGENT.LY INC. By: /s/ Timothy C. Huffmyer Timothy C. Huffmyer Chief Financial Officer