Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 10

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 10
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such that the voting rights afforded to the stock registered on the Foreign Stock Record is equal to the Citizenship Limitation. The
voting rights will be reinstated once the voting rights of the capital stock registered on the Foreign Stock Record does not exceed the
Citizenship Limitation, not taking into consideration the pro rata reduction.

<div align='center'>S-4</div>

Based on the Foreign Stock Record as of the record
date for any vote or consent solicitation of the Company’s stockholders, if you are not a “citizen of the United States,”
any shares of Common Stock that you purchase may be subject to voting restrictions.

Affiliates of the Sales Agents may receive benefits in connection with this offering.

As of the date of this prospectus
supplement, affiliates of certain of the Sales Agents in this offering are lenders under our Revolving Equipment Notes Facility (as defined
in our Annual Report on Form 10-K for the year ended December 31, 2024) and will receive their pro-rata portion of any
net proceeds we receive from the sale by us of shares of our Common Stock under this prospectus supplement that are in turn used to repay
amounts outstanding under such facility from time to time, if any. The offering described in this prospectus supplement creates potential
conflicts of interest, because such Sales Agents have an interest in their successful completion beyond the sales or underwriting commissions
they are entitled to receive. These interests may influence the decision regarding the terms and circumstances of the offering described
in this prospectus supplement and/or transactions related to our Revolving Equipment Notes Facility.

<div align='center'>S-5

USE OF PROCEEDS</div>

We may issue and sell shares
of our Common Stock having aggregate sales proceeds of up to $50,000,000 from time to time pursuant to the Sales Agreement. The amount
of proceeds from this offering will depend upon the number of shares of our Common Stock sold and the market price at which they are
sold. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount,
commissions and proceeds to us, if any, are not determinable at this time. 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.

In accordance with the terms
of the WUP Holdings Company Agreement, we currently intend to contribute the net proceeds, if any, from this