Urgent.ly Inc. Completes Merger with Agero Subsidiary, Becomes Wholly-Owned Private Entity

summarizeSummary

Urgent.ly Inc. has completed its merger with Agero, Inc.'s subsidiary, becoming a private company and converting all outstanding shares into cash at $5.50 per share.

check_boxKey Events

• Merger Completion

  Urgent.ly Inc. officially merged with Medford Hawk, Inc., a subsidiary of Agero, Inc., on April 28, 2026, becoming a wholly-owned subsidiary.

• Share Conversion

  All outstanding common stock was converted into the right to receive $5.50 in cash per share, with RSU awards and options also converted to cash.

• Board & Management Changes

  The entire former board of directors resigned, and new directors and officers from the acquiring entity were appointed.

• Corporate Document Amendments

  The company's certificate of incorporation and bylaws were amended and restated to reflect its new status as a private entity, including a reduction in authorized shares to 1,000.

auto_awesomeAnalysis

This 8-K filing confirms the definitive completion of the merger between Urgent.ly Inc. and Medford Hawk, Inc., a subsidiary of Agero, Inc. As a result, Urgent.ly Inc. is now a wholly-owned private entity, and its common stock has been converted into the right to receive $5.50 per share in cash. This marks the final step in the acquisition process, fundamentally altering the company's status and the investment thesis for its former public shareholders. The board of directors has resigned, and new directors and officers have been appointed, reflecting the change in control. The company's certificate of incorporation and bylaws have also been amended to reflect its new private status.