04:28 PM EDT, 03/13/2026 (MT Newswires) -- Urgent.ly ( ULY ) said Friday it agreed to be acquired by Agero for a cash price of $5.50 per share, with a wholly owned subsidiary of Agero commencing a tender offer to acquire all outstanding shares of Urgent.ly's ( ULY ) common stock.

Agero said the closing of the tender offer is subject to customary closing conditions, including the tender of Urgent.ly's ( ULY ) common stock representing at least a majority of the total number of outstanding shares.

Following the conclusion of the tender offer, Urgent.ly ( ULY ) will merge with a subsidiary of Agero, and the rest of its shares not tendered in the offer will be converted into the right to receive the same $5.50 cash consideration per share, the company said.

The tender offer and merger are expected to close by the end of May 2026, subject to customary conditions.

Once the merger concludes, Agero will remain a privately held company, it said.