Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 69

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 69
---
 the underlying Common Stock or preferred stock or a stock split, reverse stock split, combination,
subdivision or reclassification of the underlying Common Stock or preferred stock, as the case may be. In lieu of adjusting the number
of shares purchasable upon exercise of each equity warrant, we may elect to adjust the number of equity warrants. Unless otherwise provided
in the applicable prospectus supplement, no adjustments in the number of shares purchasable upon exercise of the equity warrants will
be required until all cumulative adjustments require an adjustment of at least 1% thereof. We may, at our option, reduce the exercise
price at any time. No fractional shares will be issued upon exercise of equity warrants, but we will pay the cash value of any fractional
shares otherwise issuable. Notwithstanding the foregoing, except as otherwise provided in the applicable prospectus supplement, in case
of any consolidation, merger or sale or conveyance of our property as an entirety or substantially as an entirety, the holder of each
outstanding equity warrant will have the right to the kind and amount of shares of stock and other securities and property, including
cash, receivable by a holder of the number of depositary shares, shares of Common Stock or shares of preferred stock into which each
equity warrant was exercisable immediately prior to the particular triggering event.

| 24 |

Each
warrant will entitle the holder to purchase for cash such number of shares of Common Stock or shares of preferred stock, at such exercise
price as shall, in each case, be set forth in, or be determinable as set forth in, the applicable prospectus supplement relating to the
warrants offered thereby. Unless otherwise specified in the applicable prospectus supplement, warrants may be exercised at any time up
to 5:00 p.m. New York City time on the expiration date set forth in applicable prospectus supplement. After 5:00 p.m. New York
City time on the expiration date, unexercised warrants will be void.

Warrants
may be exercised as set forth in the applicable prospectus supplement relating to the warrants. Upon receipt of payment and the warrant
certificate properly completed and duly executed at the corporate trust office of the warrant agent or any other office indicated in
the applicable prospectus supplement, we will, as soon as practicable, forward the securities purchasable upon such exercise. If less
than all of the warrants that are represented by such warrant certificate are exercised, a new warrant certificate will be issued for