secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001104659-24-101873
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up extends lock-up on 97.2% of investor shares until Sept 20, 2025
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- Lead investors Delta, CK Wheels, CIH extend lock-up on all shares for one additional year.
- Kore Capital and Whitebox entities extend lock-up on 72.5% of their shares.
- Approximately 97.2% of shares issued under the Investor Rights Agreement now locked until Sept 20, 2025.
- Holders of >66.67% of registrable securities extend shelf registration deadline to Sept 20, 2025.
- CEO George Mattson cites investor confidence and ability to execute strategic plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465924101873/0001104659-24-101873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465924101873/tm2424522d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-101873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer