Wheels Up Experience Inc. announced on April 25, 2025, that it received a notice from the New York Stock Exchange (NYSE) on April 22, 2025. The notice indicated that the average closing price per share of its common stock did not exceed $1.00 over a 30 consecutive trading-day period, which is a requirement for continued listing on the NYSE.
This notification does not have an immediate effect on the listing of Wheels Up's common stock. Under NYSE rules, the company has six months from the receipt of the notice to regain compliance with the minimum share price requirement.
Wheels Up stated its intention to regain compliance and has responded to the NYSE with a plan to seek stockholder approval at its upcoming annual meeting on June 10, 2025, to authorize a reverse stock split. The company may also consider other available options to cure the deficiency.
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