SplitApr 14, 2026, 08:37 AM
Wheels Up Board Approves 1-for-20 Reverse Stock Split
AI Summary
Wheels Up Experience Inc.'s Board of Directors approved a 1-for-20 reverse stock split of its Class A common stock. This action 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 expected 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.
- Reverse stock split effective April 24, 2026, after market close.
- Stockholders authorized the amendment in June 2025.