secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001628280-26-024998
Event type: other
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up approves 1-for-20 reverse stock split to regain NYSE compliance
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- Board approved Reverse Stock Split at ratio of 1-for-20; effective after NYSE close on April 24, 2026.
- Outstanding shares reduced from ~725M to ~36M; authorized shares cut from 1.5B to 75M.
- Company expects to regain NYSE listing compliance and qualify for Russell 3000 inclusion.
- Warrants adjusted: each warrant becomes exercisable for 1/200th of a share at $2,300.00 per whole share.
- Fractional shares settled in cash at closing price on effective date; no change to ticker symbol 'UP'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000162828026024998/0001628280-26-024998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000162828026024998/up-20260413.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-024998

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