Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 48

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 48
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 shelf registration statement and take such actions as are necessary to keep such shelf registration statement covering the shares of
Common Stock issued pursuant to the Investor Rights Agreement continuously effective and available for use to permit the holders named
therein to sell such securities until such time as there are no longer any Registrable Securities (as defined in the 2023 Registration
Rights Agreement). The 2023 Registration Rights Agreement also contains certain customary demand and piggyback registration rights in
favor of the parties thereto, including the right to include all or a portion of the Investor Shares (as defined in the 2023 Registration
Rights Agreement) in any subsequent underwritten offering pursued by Wheels Up.

The subscription agreements
to which certain investments were made in a private placement prior to or on July 13, 2021 provide that, solely with respect
to subscriptions by third-party investors whom are not party to the 2021 Registration Rights Agreement, Wheels Up is required to
file with the SEC, a shelf registration statement covering the resale of the shares of Common Stock issued to any such third-party investor
and to use its commercially reasonable efforts to have such registration statement on Form S-1 or Form S-3 (if eligible) declared
effective as soon as practicable after the filing thereof.

We also agreed pursuant
to the Warrant Agreement to file and maintain the effectiveness of a registration statement covering the shares of Common Stock issuable
upon exercise of the warrants described therein.

Transfer Agent

The transfer agent for shares of Common Stock is Continental Stock Transfer & Trust Company, whose address is One State Street, 30th Floor, New York, NY 10004.

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<div align='center'>DESCRIPTION OF PREFERRED STOCK</div>

The total amount of our authorized capital stock consists of 1,500,000,000 shares of Common Stock and 25,000,000 shares of preferred stock, $0.0001 par value per share.Our Board has authority to issue shares of preferred stock in one or more series, to fix for each
such series such voting rights, designations, powers, preferences and relative participating, optional, special and other rights, qualifications,
limitations or restrictions thereof, including dividend rights, conversion rights, redemption privileges and liquidation preferences
for the issue of such series all to the fullest extent permitted by the DGCL.

Our Board may authorize
the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the
holders of Common Stock. The issuance