Monitor post-split trading liquidity and NYSE compliance. The cumulative reverse split ratio of 1-for-200 (including the 2023 split) suggests the stock has faced persistent downward pressure; watch for any further corporate actions or earnings releases that could provide fundamental signals.
Price Chart
Executive Summary
Wheels Up Experience Inc. effected a 1-for-20 reverse stock split and reduced authorized shares from 1.5B to 75M, effective April 24, 2026. The split triggered corresponding adjustments to outstanding warrants (now exercisable for 1/200th of a share at $2,300) and the operating LLC agreement. This is the second reverse split since 2023, signaling continued stock price pressure but no immediate change in fundamentals.
Key Facts
- 1-for-20 reverse stock split effective April 24, 2026.
- Authorized Class A common shares reduced from 1.5B to 75M.
- Warrants adjusted to 1/200th of a share per warrant, exercise price set at $2,300, expiring July 13, 2026.
- LLC agreement amended to adjust membership interests proportionally.
- Prior 8-K (April 22) disclosed retirement of two directors and appointment of Delta CFO Erik Snell to the board.
Financial Impact
Not specified
Risk Factors
- Potential delisting from NYSE if minimum bid price not maintained.
- Further reverse splits may signal ongoing distress and discourage investors.
- Warrant expiration on July 13, 2026, could create dilution if exercised.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027641 |
| Exhibit: ex-32xwheelsupexperiencein.htm | 0001628280-26-027641 |
| Document: up-20260424.htm | 0001628280-26-027641 |
| Document: 0001628280-26-027641-index-headers.html | 0001628280-26-027641 |
| Document: 0001628280-26-027641-index.html | 0001628280-26-027641 |
| Document: 0001628280-26-027641.txt | 0001628280-26-027641 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 3 | — | awaiting T+20 | — | — |
Jun 10, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Jun 8, 2026 20w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 1, 2026 20w ago | S-3/A | — | awaiting T+20 | — | — |
Jun 1, 2026 21w ago | 8-K | — | awaiting T+20 | — | — |
Apr 29, 2026 25w ago | 8-K | — | awaiting T+20 | — | — |
Apr 27, 2026 25w ago | 8-K | — | awaiting T+20 | — | — |
Apr 24, 2026 26w ago | DEFA14A | — | awaiting T+20 | — | — |
Apr 14, 2026 27w ago | 8-K | — | awaiting T+20 | — | — |
US Market Status
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