TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo July 5, 2023 Matthew Booth Chief Executive Officer and Director Urgent.ly Inc. 8609 Westwood Center Drive, Suite 810 Vienna, VA 22182 Re: Urgent.ly Inc. Amendment No. 1 to Registration Statement on Form S-4 Filed June 22, 2023 File No. 333-271937 Dear Matthew Booth: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our June 1, 2023 letter. Amendment No. 1 to Registration Statement on Form S-4 Unaudited Pro Forma Condensed Balance Sheet, page 189 1. The accrued expenses and other payables of $8,840K for Otonomo on the Unaudited Pro Forma Condensed Balance Sheet should reconcile to the other payables and accrued expenses of $6,548K as presented on your Interim Unaudited Condensed Consolidated Balance Sheets on page F-88. This comment also applies to the pro forma purchase price allocation table on page 201. Please revise. Unaudited Pro Forma Condensed Combined Statement of Operations, page 194 2. Please tell us how you determined the presentation of Gross Margin that includes Cloud Infrastructure costs is appropriate. Matthew Booth Urgent.ly Inc. July 5, 2023 Page 2 Note 2: Calculation of Estimated Merger Consideration and Preliminary Purchase Price Allocation, page 199 3. We have reviewed your response to prior comment no. 3. Please disclose the line item in the income statement in which the bargain purchase gain will be recognized. Refer to ASC 805-30-50-1(f)(1). Item 21. Exhibits and Financial Statement Schedules Exhibit 23.2, page II-4 4. Please include an updated consent from your Independent Registered Public Accounting Firm (Somekh Chaikin) referencing the most recent amendment number. You may contact Amanda Kim, Senior Staff Accountant, at (202) 551-3241 or Stephen Krikorian, Accounting Branch Chief, at (202) 551-3488 if you have questions regarding comments on the financial statements and related matters. Please contact Matthew Crispino, Staff Attorney, at (202) 551-3456 or Larry Spirgel, Office Chief, at (202) 551-3815 with any other questions. FirstName LastNameMatthew Booth Sincerely, Comapany NameUrgent.ly Inc. Division of Corporation Finance July 5, 2023 Page 2 Office of Technology FirstName LastName