Urgent.ly, Inc. (Urgently), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, and Otonomo Technologies Ltd., the platform powering the mobility economy, announced that they have entered into a definitive agreement to merge in an all-stock transaction.

In connection with the transaction, Urgently will go public through a direct listing and Urgently expects that its shares of common stock will be listed under the ticker symbol "ULY" following consummation of the transaction. Upon closing of the transaction, which has been approved by each company’s board of directors, holders of Otonomo’s ordinary shares will receive common stock of Urgently. The transaction is expected to close in the third quarter of 2023, subject to the approval of Otonomo’s shareholders and the satisfaction of other customary closing conditions.

The Wilson Sonsini Goodrich & Rosati team that represented Urgently in the transaction, its contemplated direct listing, and related matters includes:

M&A
Rich Mullen
David Adler
Stacy Lee
Alejandra Gonzalez
Melis Kilic
Ryan Cooper
Austin Wolfe

Corporate and Capital Markets
Bob O’Connor
Mark Baudler
Lianna Whittleton
David Sharon
Kate Georgen
Rich Evans
Viet Nguyen
Carole Rosenberg
Yesenia Rascon
Imani Ivery
Lauren Nilles
Janine Swanson

Credit Finance
Dana Hall
Sarah Gohary

Tax
Myra Sutanto Shen
Anthony Yanez

Technology Transactions
Chris Paniewski
Andrew Poling
Barclay Oudersluys
Stephanie Stark

Privacy and Cybersecurity
Matt Staples
Daniel Chen
Michael O’Brien
Dantam Le

Employee Benefits and Compensation
Sriram Krishnamurthy
Matthew Norgard
Kaitlin Hulbert
Emma Wilcox

Employment Litigation
Matt Gorman
Quinn Christie

National Security
Anne Seymour
Kara Millard
Tarek Helou
Seth Cowell
Nicholas Hakun

Real Estate/Environmental
Jim McCann
Martin Sul

For more information, please see the press release.