---
schema_version: "secwatch.filing_event.v1"
accession: "0001819516-25-000014"
form_type: "8-K"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T06:00:23.548535+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wheels Up receives NYSE minimum bid price deficiency notice; proposes reverse stock split

## Summary
- 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.

## SEC filing metadata
- accession: 0001819516-25-000014
- form_type: 8-K
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000181951625000014/0001819516-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000181951625000014/up-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819516-25-000014
- JSON: https://secwatch.observer/filing/0001819516-25-000014.json
- Plain text: https://secwatch.observer/filing/0001819516-25-000014.txt

## Key facts
- Listing & Compliance Notices
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000181951625000014/0001819516-25-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.