As filed with the Securities and Exchange Commission on October 19, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
URGENT.LY INC.
(Exact name of registrant as specified in its charter)
Delaware | 7389 | 46-2848640 | ||
(State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
8609 Westwood Center Drive, Suite 810
Vienna, VA 22182
Telephone: (571) 350-3600
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Matthew Booth
8609 Westwood Center Drive, Suite 810
Vienna, VA 22182
Telephone: (571) 350-3600
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Robert OConnor, Esq. Mark B. Baudler, Esq. Lianna C. Whittleton, Esq. Rich Mullen, Esq. David G. Sharon, Esq. Wilson Sonsini Goodrich & Rosati, Professional Corporation One Market Plaza Spear Tower, Suite 3300 San Francisco, CA 94105 (415) 947-2000 |
John M. Greer Ryan J. Lynch Latham & Watkins LLP 811 Main Street, Suite 3700 Houston, Texas 77002 (713) 546-5400 |
Joshua G. Kiernan Latham & Watkins LLP 99 Bishopsgate London EC2M 3XF United Kingdom (+44) (20) 7710-1000 |
Amir Raz Perry Wildes Goldfarb Gross Seligman & Co. One Azrieli Center Tel Aviv 6701101, Israel +972 (3) 607-4444 |
Ran Hai Nir Dash Natan Wiesenberg Herzog Fox & Neeman Herzog Tower, 6 Yitzhak Sadeh St., Tel Aviv 6777506, Israel +972 (3) 692-2020 |
Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective and all other conditions to the transactions contemplated by the Merger Agreement described in the included proxy statement/prospectus have been satisfied or waived.
If the securities being registered on this form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box.: ☐
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ (File no. 333-271937)
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
Non-accelerated filer | ☒ | Smaller reporting company | ☐ | |||
Emerging growth company | ☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ☐
If applicable, place an X in the box to designate the appropriate rule provision relied upon in conducting this transaction:
☐ | Exchange Act Rule 13e-4(i) | ☐ | Exchange Act Rule 14d-1(d) | |||
(Cross-Border Issuer Tender Offer) | (Cross-Border Third-Party Tender Offer) |
This Registration Statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(b) of the Securities Act.
EXPLANATORY NOTE
This Registration Statement on Form S-4 is being filed with respect to the registration of the issuance of an additional 163,708 shares of common stock, par value $0.001 per share (Common Stock), of Urgent.ly Inc., a Delaware corporation (the Registrant), to certain stockholders of Otonomo Technologies Ltd. (Otonomo) immediately preceding the consummation of the merger contemplated by the Agreement and Plan of Merger, dated February 9, 2023, entered into by the Registrant, Otonomo and U.O Odyssey Merger Sub Ltd., a company organized under the laws of the State of Israel and a direct wholly owned subsidiary of the Registrant, pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and General Instruction K to Form S-4.
This Registration Statement relates to the Registrants Post-Effective Amendment No. 2 to the Registration Statement on Form S-4 (File No. 333-271937) (the Prior Registration Statement), filed by the Registrant on August 24, 2023 and declared effective by the Securities and Exchange Commission (the Commission) on September 8, 2023. The required opinions of counsel and related consents and accountants consent are attached hereto and filed herewith. Pursuant to Rule 462(b), the contents of the Prior Registration Statement, including the exhibits thereto, are incorporated by reference into this Registration Statement.
ii
EXHIBIT INDEX
Item 16. Exhibits and Financial Statement Schedules.
(a) | Exhibits. All exhibits filed with or incorporated by reference in the Prior Registration Statement on Form S-4 (File No. 333-271937) are incorporated by reference into, and shall be deemed a part of, this Registration Statement, and the following additional exhibits are filed herewith, as part of this Registration Statement: |
II-1
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Vienna, State of Virginia, on October 19, 2023.
URGENT.LY INC. | ||
By: | /s/ Matthew Booth | |
Matthew Booth | ||
Chief Executive Officer |
POWER OF ATTORNEY
Each of the undersigned, whose signature appears below, hereby constitutes and appoints each of Matthew Booth and Timothy C. Huffmyer, his or her true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments to this registration statement and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing necessary or appropriate to be done with respect to this registration statement or any amendments hereto in the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or his or their substitute or substitutes, may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated:
Signature |
Title |
Date | ||
/s/ Matthew Booth |
Chief Executive Officer and Director (Principal Executive Officer) |
October 19, 2023 | ||
Matthew Booth | ||||
/s/ Timothy C. Huffmyer |
Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer) |
October 19, 2023 | ||
Timothy C. Huffmyer | ||||
/s/ Gina Domanig |
Director | October 19, 2023 | ||
Gina Domanig | ||||
/s/ Suzie Doran |
Director | October 19, 2023 | ||
Suzie Doran | ||||
/s/ Andrew Geisse |
Director | October 19, 2023 | ||
Andrew Geisse | ||||
/s/ James M. Micali |
Director | October 19, 2023 | ||
James M. Micali | ||||
/s/ Ryan Pollock |
Director | October 19, 2023 | ||
Ryan Pollock | ||||
/s/ Benjamin Volkow |
Director | October 19, 2023 | ||
Benjamin Volkow |
II-2
Exhibit 5.1
Wilson Sonsini Goodrich & Rosati Professional Corporation
650 Page Mill Road Palo Alto, California 94304-1050
O: 650.493.9300 F: 866.974.7329 |
October 19, 2023
Urgent.ly Inc.
8609 Westwood Center Drive, Suite 810
Vienna, VA 22182
Re: | Registration Statement on Form S-4 |
Ladies and Gentlemen:
This opinion is furnished to you in connection with the Registration Statement on Form S-4 (the Registration Statement), filed by Urgent.ly Inc. (the Company) with the Securities and Exchange Commission pursuant to Rule 462(b) of the Securities Act of 1933, as amended (the Securities Act) in connection with the registration under the Securities Act of 163,708 shares (the Shares) of the Companys common stock, par value $0.001 per share (Common Stock). The Shares are to be issued in accordance with the Agreement and Plan of Merger, dated as of February 9, 2023 (the Merger Agreement), by and among the Company, O.U. Odyssey Merger Sub Ltd., a company incorporated under the laws of the State of Israel, and a direct, wholly owned subsidiary of the Company (Merger Sub ), and Otonomo Technologies Ltd. (Otonomo), pursuant to which Merger Sub will merge with and into Otonomo (with Otonomo surviving the merger as a direct wholly owned subsidiary of the Company). The Registration Statement incorporates by reference the Registration Statement on Form S-4 (Registration No. 333-271937), as amended (the Prior Registration Statement), which was declared effective on September 8, 2023, including the prospectus which forms part of the Registration Statement.
Pursuant to the Merger Agreement, each ordinary share, no par value, of Otonomo (Otonomo Shares) that is issued and outstanding (other than certain excluded shares) immediately prior to the Effective Time (as defined in the Merger Agreement) will be deemed transferred to the Company in consideration for the right to receive a number of shares of Common Stock equal to the Exchange Ratio (as defined in the Merger Agreement).
We are acting as counsel for the Company in connection with the registration of the Shares. As such counsel, we have made such legal and factual examinations and inquiries as we have deemed necessary or advisable for the purpose of rendering the opinions and statements set forth below. In rendering the opinions and statements expressed below, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary for the purposes of rendering this opinion.
In our examination, we have assumed the genuineness of all signatures, the authenticity and completeness of all documents submitted to us as originals, the conformity with the originals of all documents submitted to us as copies, the authenticity of the originals of such documents and the legal competence of all signatories to such documents. We have also assumed the authority of such persons signing on behalf of the parties thereto other than the Company and the due authorization, execution and delivery of all documents by the parties thereto other than the Company. We have assumed that the certificates representing the Securities will be properly authenticated by the signature of an authorized officer of the Companys transfer agent. We have also assumed the conformity of the documents filed with the Commission via the Electronic Data Gathering, Analysis and Retrieval System (EDGAR), except for required EDGAR formatting changes, to physical copies submitted for our examination and the absence of any evidence extrinsic to the provisions of the written agreements between the parties that the parties intended a meaning contrary to that expressed by those provisions.
AUSTIN BEIJING BOSTON BOULDER BRUSSELS HONG KONG LONDON LOS ANGELES NEW YORK PALO ALTO
SALT LAKE CITY SAN DIEGO SAN FRANCISCO SEATTLE SHANGHAI WASHINGTON, DC WILMINGTON, DE
Urgent.ly Inc.
October 19, 2023
Page 2
We express no opinion herein as to the laws of any state or jurisdiction other than the federal laws of the United States of America and the General Corporation Law of the State of Delaware (including the statutory provisions and all applicable judicial decisions interpreting those laws).
On the basis of the foregoing, we are of the opinion that the Shares have been duly authorized and are validly issued, fully paid and nonassessable.
This opinion is furnished to you in connection with the filing of the Registration Statement, and is not to be used, circulated, quoted or otherwise relied upon for any other purpose.
We hereby consent to the filing of this opinion as an exhibit to the above-referenced Registration Statement and to the use of our name wherever it appears in the Registration Statement, the prospectus contained therein, any prospectus supplement, and in any amendment or supplement thereto. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.
Very truly yours, |
WILSON SONSINI GOODRICH & ROSATI |
Professional Corporation |
/s/ Wilson Sonsini Goodrich & Rosati, P.C. |
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in this Registration Statement on Form S-4 of Urgent.ly Inc., which relates to the Urgent.ly Inc.s Post-Effective Amendment No. 2 to the Registration Statement on Form S-4 (File No. 333-271937), of our report dated May 15, 2023, except for the reverse stock split discussed in Note 16, as to which the date is August 14, 2023, on our audits of the consolidated financial statements of Urgent.ly Inc. as of December 31, 2022 and 2021, and for the years then ended. Our audit report includes an explanatory paragraph relating to Urgent.ly Inc.s ability to continue as a going concern.
We also consent to the reference to our firm under the caption Experts in the prospectus incorporated by reference into this Registration Statement.
/s/ CohnReznick LLP
Tysons, Virginia
October 19, 2023
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
We consent to the use of our report dated March 31, 2023, except for Note 1b, as to which the date is August 14, 2023, with respect to the consolidated financial statements of Otonomo Technologies Ltd., incorporated herein by reference.
/s/ Somekh Chaikin
Somekh Chaikin
Member Firm of KPMG International
Tel Aviv, Israel
October 19, 2023
Exhibit 107
Calculation of Filing Fee Tables
Form S-4
(Form Type)
Urgent.ly Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security Type |
Security Title |
Fee Calculation Rule |
Amount Registered(1) |
Proposed Maximum Offering Price Per Unit |
Maximum Price |
Fee Rate | Amount of Registration Fee | |||||||
Equity | Common Stock, par value $0.001 per share(2) | Other | 163,708 | $4.10(3) | $671,202.80 | $0.0001476 | $99.10 | |||||||
Total Offering Amounts | $99.10 | |||||||||||||
Total Fee Offsets | | |||||||||||||
Net Fee Due | $99.10 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement shall also cover an indeterminable number of additional securities as may be issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(2) | Relates to common stock, $0.001 par value per share (Common Stock), of Urgent.ly Inc. (Urgently), issuable to holders of ordinary shares, no par value per share (Ordinary Shares) of Otonomo Technologies, Ltd., (Otonomo), in the proposed merger (the Merger) of U.O Odyssey Merger Sub, Ltd., a direct wholly owned subsidiary of Urgently, with and into Otonomo, with Otonomo surviving the Merger as a direct wholly owned subsidiary of Urgently. The Merger is further described in the Registration Statement on Form S-4, as amended (Registration No. 333-271937) (the Prior Registration Statement). The 163,708 shares of Common Stock are additional shares of Common Stock to be issued upon consummation of the Merger described in the Prior Registration Statement. The Prior Registration Statement registered 5,264,083 shares of Common Stock and 921,665 warrants to purchase Common Stock issuable to holders of warrants to purchase Ordinary Shares. Urgently is going to issue 163,708 additional shares of Common Stock in connection with the Merger. |
(3) | Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(f)(1) of the Securities Act, based upon the average of the high and low prices of Ordinary Shares as reported on the Nasdaq Capital Market on October 17, 2023 (such date being within five business days of the date that this registration statement was filed with the SEC). |