Urgently notified by Nasdaq over non-compliance

Urgent.ly announced that The Nasdaq Stock Market LLC notified Urgently that Urgently is not in compliance with Nasdaq’s Listing Rule 5550(a)(2) 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. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Urgently has 180 calendar days, or until March 31, 2025, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of Urgently’s common stock must be at least $1.00 per share for a minimum of ten consecutive business days during the Compliance Period, unless Nasdaq exercises its discretion to extend this ten-day period.