Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 74

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 74
---
-prevailing trading price, trading volume and volatility of our Common Stock; |

| • | the number of issued and outstanding shares of Common Stock and other outstanding securities that are exercisable or exchangeable for, or convertible into, shares of Common Stock, including the Warrants (as defined herein); |

| • | the NYSE rules regarding the trading price per share of our Common Stock, any notification from the NYSE regarding the trading price per share of our Common Stock or an exchange-initiated delisting and applicable NYSE rules related to reverse stock splits in relation to such delisting notifications; |

| • | the possible impacts of future declines as an absolute dollar value and as a percentage of our overall market capitalization or public float based on the volatility of the historical trading price per share of our Common Stock and current limited freely tradeable public float, which may be greater than would occur in the absence of a Reverse Stock Split; |

| • | the anticipated impact of the Reverse Stock Split on stockholders who own “odd lots” (less than 100 shares); |

| • | the possible impact of the Reverse Stock Split on our future financing alternatives, including the impacts of the Authorized Share Reduction; |

| • | the potential impact of a particular Reverse Stock Split Ratio on our ability to reduce administrative and transactional costs; and |

| • | prevailing general market and economic conditions. |

Effect on Common Stock If the Reverse Stock Split Amendment is approved by stockholders at the Annual Meeting, there will be no impact on stockholders until the Board, in its discretion, decides to implement the Reverse Stock Split, if at all. The Reverse Stock Split, once implemented, would uniformly affect all holders of Common Stock and other securities exercisable or exchangeable for, or convertible into, Common Stock, including the Warrants, and would not affect any such holder’s percentage ownership interest or proportionate voting power, except for the elimination of fractional shares of Common Stock as described under “ —Implementation of the Reverse Stock Split—Fractional Shares” below. If approved by our stockholders at the Annual Meeting and the Board, in its discretion, subsequently decides to effect the Reverse Stock Split, the principal effects of the Reverse Stock Split Amendment would be that:

| • | the issued shares of Common Stock owned by a stockholder will be combined into fewer of shares of Common Stock based on the Reverse Stock Split Ratio selected by the Board, in its discretion, with any fractional shares being treated as described under “—Implementation of the Reverse Stock Split—Fractional Shares