ATLANTA, June 3, 2025
/PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) ("Wheels Up")
today announced that it has regained compliance with the New York
Stock Exchange ("NYSE") continued listing standard for minimum
share price under Section 802.01C of the NYSE Listed Company
Manual.
"We are pleased that in just over a month since
receiving a continued listing standard notice, we have regained
full compliance with NYSE listing standards through market-driven
stock appreciation," said George
Mattson, Wheels Up's Chief Executive Officer. "This
milestone reflects growing investor confidence in our continued
progress in executing our business transformation and long-term
strategy. Our current market capitalization of approximately
$1 billion reflects the scale and strength of our company. As
we continue making progress toward sustainable profitability and a
strong balance sheet, our focus remains on delivering best-in-class
experiences on every flight for our customers."
On June 2, 2025, Wheels Up received written
confirmation from the NYSE that, as of May 30, 2025,
Wheels Up's common stock had a closing share price of at least
$1.00, it had maintained an average
closing share price of at least $1.00
over the 30 trading-day period ending on that date, it is no longer
considered to be below the minimum share price requirement of
Section 802.01C of the NYSE Listed Company Manual and it has
regained compliance with the NYSE continued listing
standards. Wheels Up's common stock will continue to be
traded on the NYSE, subject to its continued compliance with all
applicable listing standards.
About Wheels Up
Wheels Up is a leading provider of on-demand private aviation in
the U.S. with a large, diverse fleet and a global network of
safety-vetted charter operators, all committed to safety and
service. Customers access charter and membership programs and
commercial travel benefits through a strategic partnership with
Delta Air Lines. Wheels Up also provides freight, safety, security,
and managed services to a range of clients, including individuals
and government organizations. With the Wheels Up app and website,
members can easily search, book, and fly.
For more information, visit www.wheelsup.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains certain "forward-looking statements"
within the meaning of the federal securities laws. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to known and unknown
risks, uncertainties, assumptions, and other important factors,
many of which are outside of the control of Wheels Up. These
forward-looking statements include, but are not limited to,
statements regarding: (i) Wheels Up's ongoing business
transformation strategy, including its current commercial programs
and fleet modernization strategy and the expected commercial,
financial and operational impacts; (ii) Wheels Up's ability to
achieve its financial goals in the future pursuant to the most
recent schedule that it has announced; and
(iii) Wheels Up's ability to maintain compliance with the
NYSE's continued listing standards in the future. The words
"anticipate," "believe," "can," "continue," "could," "estimate,"
"expect," "future," "intend," "may," "might," "plan," "possible,"
"potential," "predict," "project," "should," "strive," "would" and
similar expressions may identify forward-looking statements, but
the absence of these words does not mean that statement is not
forward-looking. Factors that could cause actual results to differ
materially from those expressed or implied in forward-looking
statements can be found in Wheels Up's Annual Report on
Form 10-K for the year ended December 31, 2024 filed
with the U.S. Securities and Exchange Commission ("SEC") on
March 11, 2025 and Wheels Up's other filings with
the SEC from time to time. You are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Except as required by law, Wheels Up does
not intend to update any of these forward-looking statements after
the date of this press release.
Contacts
Investors:
ir@wheelsup.com
Media:
press@wheelsup.com
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SOURCE Wheels Up