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.

item 1.01 item 5.03 item 3.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Wheels Up Experience Inc.: Filed Certificate of Amendment to effect a 1-for-20 reverse stock split, reduce authorized shares of Common Stock from 1.5 billion to 75 million, and address fractional shares (effective 2026-04-24).

Change: charter amendment
Effective: 2026-04-24

Exact text from the filing

On April 24, 2026, the Company filed a Certificate of Amendment to Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Delaware Secretary of State, which amended Section 4.1 of the A&R Certificate of Incorporation, effective as of the Effective Time, to (i) give effect to the Reverse Stock Split, (ii) reduce the total number of shares of all classes of capital stock and Common Stock of the Company authorized for issuance to 100 million and 75 million, respectively, taking into account the Reverse Stock Split, Authorized Share Reduction and Ratio, and (iii) describe the treatment of any fractional shares of Common Stock upon the effectiveness of the Reverse Stock Split.

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Source: SEC EDGAR

accession 0001628280-26-027641

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