secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001819516-25-000014
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000181951625000014/0001819516-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000181951625000014/up-20250422.htm
  HTML page:      https://secwatch.observer/filing/0001819516-25-000014

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