Wheels Up executes 1-for-20 reverse stock split, reducing shares from 1.5B to 75M authorized

Filed April 27, 2026 · Period ending April 24, 2026 · ~1 min read

Key Changes

• high

  Reverse stock split executed at maximum 1-for-20 ratio effective April 24, 2026, consolidating every 20 shares into 1 share. Authorized shares reduced proportionately from 1.5 billion to 75 million common shares.

  Item 5.03 verify on EDGAR →
• medium

  Outstanding warrants adjusted to reflect split: each warrant now exercisable for 1/200th of one share at $2,300 per whole share. Warrants expire July 13, 2026, approximately 2.5 months away.

  Item 3.03 verify on EDGAR →
• medium

  Board selected the most aggressive consolidation ratio (1-for-20) from the shareholder-approved range of 1-for-5 to 1-for-20, maximizing the impact on share price and outstanding share count.

  Item 5.03 verify on EDGAR →