Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 0

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration Statement No. 333-284063

Prospectus Supplement

(To Prospectus dated January 10, 2025)

<div align='center'>Wheels Up Experience Inc.

Up to $50,000,000

Common Stock</div>

We have entered into an
ATM Equity Offering Sales Agreement, dated August 29, 2025 (the “Sales Agreement”), with BofA Securities, Inc.
and Jefferies LLC (each, a “Sales Agent” and together, the “Sales Agents”), relating to the sale of shares of
our Class A common stock, $0.0001 par value per share (“Common Stock”), offered by this prospectus supplement and the
accompanying prospectus. In accordance with the terms of the Sales Agreement, we may offer and sell shares of our Common Stock having
an aggregate offering price of up to $50,000,000 from time to time. Subject to certain limitations in the Sales Agreement and compliance
with applicable law, we have the discretion to deliver a placement notice to the Sales Agents at any time throughout the term of the
Sales Agreement. There can be no assurance that we will sell any shares of Common Stock under or fully utilize the Sales Agreement as
a source of financing.

Sales of shares of our Common
Stock under this prospectus supplement and the accompanying prospectus, if any, may be made by any method deemed to be an “at the
market offering” as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended (the “Securities
Act”), including sales made in ordinary brokers’ transactions on the New York Stock Exchange (the “NYSE”) or
otherwise at market prices prevailing at the time of the sale, at prices related to prevailing market prices or at negotiated prices
and block trades. The Sales Agents are not required to sell any specific number or dollar amount of shares of our Common Stock. The Sales
Agents have agreed to use their commercially reasonable efforts to sell on our behalf all of the shares of Common Stock requested to
be sold by us, consistent with their normal trading and sales practices, on mutually agreed terms among the Sales Agents and us. There
is no arrangement for funds to be received in any escrow, trust or similar arrangement. We also may sell shares to one or more of the
Sales Agents as principals for their own accounts, at a price agreed upon at the time