Intends to Cure the Deficiency and Return to Compliance with Nasdaq Standard

VIENNA, Va., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq: ULY) ('Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that The Nasdaq Stock Market LLC ('Nasdaq”) notified Urgently (the 'Notice”) that Urgently is not in compliance with Nasdaq's Listing Rule 5550(a)(2) (the 'Minimum Bid Price Requirement”) because the minimum bid price of Urgently's common stock was below $1.00 per share for 30 consecutive business days. The Notice has no immediate effect on the listing or trading of Urgently's common stock on The Nasdaq Capital Market.