secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001628280-26-027641
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.03, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up implements 1-for-20 reverse stock split; authorized shares cut to 75M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000162828026027641/0001628280-26-027641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000162828026027641/up-20260424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-027641

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