Wheels Up receives NYSE non-compliance notice for sub-$1.00 stock price; plans reverse split

Wheels Up Experience Inc.

NYSE notified Wheels Up on Dec 17, 2025 that average closing price was below $1.00 over 30 consecutive trading days.
Company has six-month cure period to regain compliance; intends to use a reverse stock split (1-for-5 to 1-for-20) if needed.
Stockholders authorized the reverse split at June 2025 annual meeting; Board has not yet approved the split.
Business transformation continues: fleet transition to Challenger 300 and Phenom 300 and $70M annualized cost savings targeted by mid-2026.

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