Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 49

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 49
---
 of preferred stock, while providing flexibility in connection with possible acquisitions and other
corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in control of the Company
and may adversely affect the market price of our Common Stock and the voting and other rights of the holders thereof. The preferred stock,
when issued in exchange for full consideration, will be fully paid and non-assessable. To the extent provided for in the Certificate
of Incorporation, a Certificate of Amendment to the Certificate of Incorporation or a Certificate of Designations to the Certificate
of Incorporation setting forth any resolutions which may be adopted by our Board relating to any series of the preferred stock, we will
pay dividends and make distributions, if any, in the event of our liquidation, dissolution or winding up first to holders of our preferred
stock and then to holders of our Common Stock.

There are no current plans
to issue any shares of preferred stock. All of the terms of the preferred stock are, or will be, contained in the Certificate of Incorporation,
a Certificate of Amendment to the Certificate of Incorporation or a Certificate of Designations to the Certificate of Incorporation setting
forth any resolutions which may be adopted by our Board relating to any series of the preferred stock, which will be filed with the SEC
at or before the time we issue a series of the preferred stock.

| 14 |

<div align='center'>DESCRIPTION OF DEBT SECURITIES</div>

We have summarized below
general terms and conditions of the debt securities that we may offer and sell pursuant to this prospectus. The following summary of
the debt securities is not complete. When we offer to sell a particular series of debt securities, we will describe the specific terms
and conditions of the series in the applicable prospectus supplement or free writing prospectus. We will also indicate in the applicable
prospectus supplement or free writing prospectus the extent to which the general terms and conditions described in this prospectus apply
to the series of debt securities. The terms and conditions of the debt securities of a series may be different in one or more respects
from the terms and conditions described below.

We will issue the debt securities
in one or more series under an indenture between us and a trustee to be elected by us at or about the time we offer our debt securities,
as supplemented from time to time (the “indenture”). The following summary of the provisions of the indenture does not purport
to be