Wheels Up Experience Inc. (UP): Nasdaq/NYSE listing notice — Wheels Up receives NYSE minimum bid price deficiency notice; proposes reverse stock split

Wheels Up Experience Inc.

Received NYSE notice on April 22, 2025 for failing to maintain average closing price ≥$1.00 over 30 consecutive trading days.
Has six-month cure period; seeks shareholder approval on June 10, 2025 for reverse stock split at ratio between 1:5 and 1:20.
As of Dec 31, 2024, liquidity of ~$316M ($216M cash + $100M undrawn Delta credit facility).
Stock will trade with '.BC' designation until compliance regained.
Company may also consider other available options to cure the deficiency.

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 0.98

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 22, 2025, 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. The Company has six months after receipt of the Notice (the “Cure Period”) to regain compliance with Section 802.01C, which requires that during the Cure Period the Company’s Class A common stock, $0.0001 par valu

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

Wheels Up Experience Inc. filing history →

Source: SEC EDGAR

accession 0001819516-25-000014

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