Otonomo and Urgently to Combine to Create Leading Mobility Services Company
HERZLIYA, Israel, SAN FRANCISCO, Calif. and VIENNA, Va. – Feb. 9, 2023 – Otonomo Technologies Ltd. (Nasdaq: OTMO) (“Otonomo”), the platform powering the mobility economy, and Urgent.ly, Inc. (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that they have entered into a definitive agreement to merge in an all-stock transaction. As a result of the transaction, Urgently expects that its shares of common stock will be listed under the ticker symbol “ULY”.
