SplitApr 27, 2026, 05:32 PM
UP Completes 1-for-20 Reverse Stock Split; Adjusts Warrants
AI Summary
Wheels Up Experience Inc. completed a 1-for-20 reverse stock split of its Class A common stock, effective April 24, 2026. Concurrently, the company reduced its authorized shares from 1.5 billion to 75 million. This action also led to adjustments in the terms of outstanding warrants, including an increased exercise price and reduced shares per warrant, and an amendment to the Wheels Up Partners Holdings LLC agreement to reflect the changes in membership interests.
Key Highlights
- Completed 1-for-20 reverse stock split of Class A common stock.
- Effective April 24, 2026, after market close.
- Reduced authorized shares from 1.5 billion to 75 million.
- Warrants now exercisable for 1/200th of one share.
- Warrant exercise price increased to $2,300.00 per whole share.
- Warrant redemption prices proportionately reduced.
- Amended WUP LLC Agreement to reflect membership interest adjustments.
Price Impact
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