Company: UP
Filing Date: 2025-12-19
Form Type: 8-K
Source: 0001628280-25-058340
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Company: Wheels Up Experience Inc.
Filing Date: 2025-12-19
Form: 8-K
Item: Item 3.01
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On December 17, 2025, Wheels Up Experience Inc. (the “ Company”) received a notice (the “ Notice”) from the New York Stock Exchange (the “ NYSE”) that it is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual (“ Section 802.01C”), which requires listed companies to maintain an average closing price per share of at least $1.00 over a consecutive 30 trading-day period. The Company has six months after receipt of the Notice (the “ Cure Period”) to regain compliance with Section 802.01C, which requires that during the Cure Period the Company’s Class A common stock, $0.0001 par value per share (“ Common Stock”), has a closing price of at least $1.00 on the last trading day of either (i) any calendar month during the Cure Period and an average closing price of at least $1.00 over the 30 trading-day period ending on such date or (ii) the end of the cure period and a $1.00 average closing share price over the 30 trading-day period ending on the last trading day of the Cure Period (together, the “ Cure Conditions”). As of the date of this Current Report on Form 8-K (this “ Current Report”), the Company is in compliance with all other NYSE continued listing standards.

At the Company’s 2025 Annual Meeting of Stockholders held on June 10, 2025, the Company’s stockholders approved a voting proposal (the “ Proposal”) to permit an amendment to the Company’s Amended and Restated Certificate of Incorporation, dated November 15, 2023 (the “ Amended and Restated Certificate of Incorporation”), to be filed at the discretion of the Company’s Board of Directors (the “ Board”) at any time prior to the 2026 annual meeting of the Company’s stockholders (the “2026 Annual Meeting”), providing for (i) a reverse stock split of the outstanding shares of Common Stock at a reverse stock split ratio of not less than 1-for-5 and not greater than 1-for-20, with an exact ratio within that range as may be determined by the Board and specified in a Certificate of Amendment to Amended and Restated Certificate of Incorporation at a later date and (ii) contemporaneously therewith, a reduction