Tech Stock Urgently Inc. (Nasdaq: ULY) Makes NASDAQ Top Gainer List On Financing News

(MENAFN- Investor Ideas) Investorideas, a leader in retail investor trading ideas for Tech and auto Stocks issues a trading/news alert for Urgently Inc. (Nasdaq: ULY ) U.S.-based leading provider of digital roadside and mobility assistance technology and services

Urgently makes the nasdaq top gainer list on news, currently trading at 0.6953, up 0.2373,gaining 51.8122% on volume of over 150 Million shares . The stock has a day's high of $0.956.

Urgently announced that it has reached an agreement with its lenders resulting in significant capital structure improvements. Urgently has entered into a new credit agreement for an asset-based revolving credit facility for up to $20 million with MidCap Financial, which will be used to repay existing indebtedness to its first lien lenders and to help the Company advance its mission to transform the legacy roadside assistance market and to develop and define the new market for connected mobility assistance services for automotive, insurance, fleet, logistics, new mobility and technology transportation companies.

"We are pleased to have announced our new credit facility, as well as the repayment of a significant amount of debt to our existing lenders," said Tim Huffmyer, Chief Financial Officer of Urgently. "The new debt facility will support the business as we continue to transform the legacy roadside assistance market and to develop new connected mobility assistance services on a global scale. We appreciate MidCap Financial's partnership and relationship-oriented approach."

Garrett Fletcher, President of Structured Finance at MidCap Financial, commented, "Urgently is a leading mobility services platform that utilizes technology to improve the consumer roadside experience. Given their continued improvement in financial performance, we are excited to partner with Urgently and support their ongoing efforts to capitalize and further strengthen their business."

.Grok ( X ) sentiment

Based on recent posts on X regarding Tech Stock Urgently Inc. (Nasdaq: ULY), the investor sentiment appears to be cautiously optimistic, driven by the stock's recent performance and news of financing improvements. The limited number of posts available suggests a small but positive buzz, primarily fueled by its significant price movement and analyst targets. However, the sentiment is not overwhelmingly strong or widespread, indicating that it's likely a niche interest among investors on the platform right now.

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