Company: UP
Filing Date: 2025-08-29
Form Type: 8-K
Source: 0001104659-25-085165
Chunk: 0

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On August 29, 2025, Wheels Up Experience Inc.
(the “ Company”) entered into an ATM Equity OfferingSMSales Agreement (the “ ATM Sales Agreement”)
with each of BofA Securities, Inc. and Jefferies LLC (each, a “ Sales Agent” and together, the “ Sales Agents”),
pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $50.0 million of its Class A common
stock, $0.0001 par value per share (“ Common Stock” and such amount of shares of Common Stock, the “ Shares”),
through the Sales Agents. Sales of the Shares made pursuant to the ATM Sales Agreement, if any, may be made by any method deemed
to be an “at the market offering” as defined in Rule 415(a)(4) of the Securities Act of 1933, as amended, including
sales made in ordinary brokers’ transactions on the New York Stock Exchange 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. Actual sales will depend on a variety
of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price per share
of Common Stock, the timing, magnitude and need for capital for the events and transactions described under the caption “ Use of
Proceeds” in the Prospectus Supplement (as defined below) and determinations by the Company of the appropriate sources of funding
for the Company and its subsidiaries.