Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 73

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 73
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 the number of shares issuable upon exercise or the exercise price of a warrant 
 as described under the heading “- Anti-dilution Adjustments”); and                            |

| · | if                                                                                            
 the Reference Value is less than $180.00 per whole share (as adjusted for adjustments to      
 the number of shares issuable upon exercise or the exercise price of a warrant as described   
 under the heading “- Anti-dilution Adjustments”), the private placement                       
 warrants must also be concurrently called for redemption on the same terms as the outstanding 
 public warrants, as described above.                                                          |

During the period beginning
on the date the notice of redemption is given, holders may elect to exercise their warrants on a cashless basis. The numbers in the table
below represent the number of shares of Common Stock that a warrant holder will receive upon such cashless exercise in connection with
a redemption by Wheels Up pursuant to this redemption feature, based on the “fair market value” of the shares of Common Stock
on the corresponding redemption date (assuming holders elect to exercise their warrants and such warrants are not redeemed for $0.10
per warrant), determined for these purposes based on volume weighted average price of the shares of Common Stock during the 10 trading
days immediately following the date on which the notice of redemption is sent to the holders of warrants, and the number of months that
the corresponding redemption date precedes the expiration date of the warrants, each as set forth in the table below. Wheels Up will
provide warrant holders with the final fair market value no later than one business day after the 10-trading day period described above
ends.

The share prices set forth
in the column headings of the table below will be adjusted as of any date on which the number of shares issuable upon exercise of a warrant
or the exercise of a warrant or the exercise price of a warrant is adjusted as set forth under the heading “- Anti-dilution Adjustments” below. If the number of shares issuable upon exercise of a warrant is adjusted, the adjusted share prices in the
column headings will equal the share prices immediately prior to such adjustment, multiplied by a fraction, the numerator of which is
the number of shares deliverable upon exercise of a warrant immediately prior to such adjustment and the denominator of which is the
number of shares deliverable upon exercise of a warrant as so adjusted. The number of shares in the table below shall be adjusted in
the same manner and at the same time as the number of shares issuable