{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-058340","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2025-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.593508+00:00","generated_at":"2026-05-16T12:37:28.728510+00:00","sec_items":["3.01","7.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Wheels Up receives NYSE non-compliance notice for sub-$1.00 stock price; plans reverse split","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-058340","json":"https://secwatch.observer/filing/0001628280-25-058340.json","markdown":"https://secwatch.observer/filing/0001628280-25-058340.md","text":"https://secwatch.observer/filing/0001628280-25-058340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000162828025058340/0001628280-25-058340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000162828025058340/up-20251217.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:37:28.728510+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c7bd033aabd6bfd81cfd0174b1945a065956fa6d","claim":"Wheels Up Experience Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).","evidence_excerpt":"December 17, 2025, Wheels Up Experience Inc. (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual (“Section 802.01C”), which requires listed companies to maintain an average closing price per share of at least $1.00 over a consecutive 30 trading-day period. The Company has six months after receipt of the Notice (the “Cure Period”) to regain compliance with Section 802.01C, which requires that during the Cure Period the Company’s Class A common stock, $0.0001 par v","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000162828025058340/0001628280-25-058340-index.htm","confidence":0.95,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nyse"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"802.01C"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}