Latham & Watkins Advises Otonomo in Combination With Urgently

Otonomo Technologies Ltd. (Nasdaq: OTMO) (Otonomo), the platform powering the mobility economy, and Urgent.ly, Inc., a provider of digital roadside and mobility assistance technology and services based in the U.S., have 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”. The transaction is expected to close in the third quarter of 2023.

Latham & Watkins LLP represents Otonomo in the transaction with a corporate deal team led by Houston partners Ryan Lynch and John Greer and Tel Aviv/London partner Josh Kiernan, with associates Clayton Heery, Brent Wagner, Brian Bruzzo, Zek Zhang, and Natasha Kalaouze. Advice was also provided on tax matters by Washington, D.C. partner Nicholas DeNovio, with associates Pierce Pandolph and Abigail Friedman; and on finance matters by Houston partner Matthew Jones, with associates Chris Wood and Max Fin.