Highest-materiality recent filing
Wheels Up secures $100M unsecured term loan from Delta-led group; Q1 results released
Delta, Cox and CK Wheels commit to $100M unsecured term loan; expected close Q2 2026.
Wheels Up retires legacy jet fleets 18 months early; now operates only Phenom 300 and Challenger 300
Transitioned legacy Citation X and Hawker 400XP jets out of revenue service 18 months ahead of schedule.
Wheels Up implements 1-for-20 reverse stock split; authorized shares cut to 75M
Reverse stock split at 1-for-20 ratio effective after market close on April 24, 2026.
Delta CFO Erik Snell joins Wheels Up board; Armstrong to retire, Farah nominated
Timothy Armstrong will retire from board at 2026 annual meeting; will not stand for reelection.
Wheels Up approves 1-for-20 reverse stock split to regain NYSE compliance
Board approved Reverse Stock Split at ratio of 1-for-20; effective after NYSE close on April 24, 2026.
Wheels Up Q4 2025: first-ever positive Adjusted EBITDAR; net loss improves
Q4 2025 marked first positive Adjusted EBITDAR in company history, per investor letter.
Wheels Up enters $105M sale-leaseback for 10 aircraft; net proceeds ~$40M for fleet expansion
Sale-leaseback of 3 Challenger 300s and 7 Phenom 300s for ~$104.7M; closes by Dec 31, 2025.
Wheels Up receives NYSE non-compliance notice for sub-$1.00 stock price; plans reverse split
NYSE notified Wheels Up on Dec 17, 2025 that average closing price was below $1.00 over 30 consecutive trading days.
Productivity initiatives now targeting $70M+ annual run-rate cost savings, exceeding original $50M goal; full benefit by Q3 2026.
Lead investors extend lock-up on ~85% of Wheels Up shares until May 2026
Lead investors (Delta, CK Wheels, Cox) extend lock-up for all their shares to May 22, 2026.
Wheels Up establishes $50M ATM equity offering with BofA and Jefferies
ATM sales agreement to sell up to $50M of Class A common stock at prevailing market prices through agents BofA Securities and Jefferies.
Wheels UP files Q2 2025 earnings; exhibit text truncated – no specific figures available
Company filed press release and investor letter for Q2 2025 ended June 30, 2025.
Wheels Up appoints Chief Sales Officer, Chief Growth Officer in leadership restructure
Mark Briffa promoted to Chief Sales Officer, unifying membership and charter sales.
Wheels Up stockholders approve reverse split authorization, LTIP share increase, executive plans
Authorized reverse stock split of 1:5 to 1:20 ratio, at board's discretion; proportionate authorized share reduction; no split yet.
Wheels Up regains NYSE minimum bid price compliance; market cap ~$1B
Regained NYSE minimum share price compliance under Section 802.01C after prior notice.
David Harvey, the Company’s Chief Commercial Officer, will depart from his position with the Company effective June 19, 2025, but will continue to act as a senior advisor to the Company through August 2025.
On June 17, 2025 (the “Effective Date”), Wheels Up Experience Inc. (the “Company” or “Wheels Up”) announced that Mark Briffa has been promoted to the newly created position of Chief Sales Officer of Wheels Up, effective as of the Effective Date.
Max materiality 0.75 · Median 0.65 · Most common event other_material