Urgent.ly (ULY) said Monday Nasdaq has notified the company that its net income from continuing operations had fallen below the minimum requirement for continued listing.
The company also said it does not meet the alternatives of market value or stockholders' equity.
The firm said it has until May 5 to provide Nasdaq with a plan to regain compliance with the listing standards.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.