SplitApr 14, 2026, 12:50 PM
Wheels Up Board Approves 1-for-20 Reverse Stock Split
AI Summary
Wheels Up Experience Inc. announced that its Board of Directors approved a 1-for-20 reverse stock split of its Class A common stock. This decision, made on April 13, 2026, also includes a proportionate reduction in the number of authorized shares from 1.5 billion to 75 million. The reverse stock split and authorized share reduction are anticipated to become effective immediately after the close of trading on the NYSE on April 24, 2026.
Key Highlights
- Board approved a 1-for-20 reverse stock split.
- Authorized shares reduced from 1.5 billion to 75 million.
- Effective date expected after NYSE close on April 24, 2026.
- Stockholders authorized the split at the 2025 Annual Meeting.