Wheels Up Experience Inc. (UP): Nasdaq/NYSE listing notice — Wheels Up receives NYSE delisting notice for sub-$1.00 stock; plans reverse split vote May 31

Wheels Up Experience Inc.

NYSE notified Wheels Up on April 12, 2023 that average closing price was below $1.00 over 30 trading days.
Company has six-month cure period; stock and warrants continue trading with ".BC" designation on NYSE.
Annual meeting on May 31, 2023 includes proposal to authorize reverse stock split at ratio between 1:5 and 1:10.
Preliminary proxy filed April 3, 2023; no assurance that compliance will be regained.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Wheels Up Experience Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

April 12, 2023, 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 30 consecutive trading-day period. Pursuant to Section 802.01C, the Company has a period of six months after receipt of the Notice (the “Cure Period”) to regain compliance. As of the date of this Current Report on Form 8-K, the Company is in compli

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Wheels Up Experience Inc. filing history →

Source: SEC EDGAR

accession 0001819516-23-000027

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