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Roadside-Assistance Firm Urgently Said in Graf SPAC Merger Talks

Roadside-assistance startup Urgently has held talks to go public through a merger with Graf Acquisition Corp. IV, a blank-check firm, according to people with knowledge of the matter.

A transaction features a potential private investment in public equity, or PIPE, and could value the combined entity at more than $700 million, said one of the people, who asked not to be identified discussing private talks. Terms may change and, as with all deals that aren’t finalized, talks could fall apart and Graf could pursue another target.