other_material
confidence high
sentiment neutral
materiality 0.60
Wheels Up implements 1-for-20 reverse stock split; authorized shares cut to 75M
Wheels Up Experience Inc.
- Reverse stock split at 1-for-20 ratio effective after market close on April 24, 2026.
- Authorized Class A common shares reduced from 1.5 billion to 75 million.
- Warrants adjusted: each warrant now exercisable for 1/200th of a share at $2,300 exercise price.
- Warrants continue to expire on July 13, 2026, subject to earlier exercise or redemption.
- LLC agreement and unit holdings of Wheels Up Partners Holdings LLC adjusted proportionally.
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