UP - Wheels up announces reverse stock split

2023-06-01 16:42:32 ET

• Wheels Up Experience ( NYSE: UP ) has approved a reverse stock split at a ratio of 1-for-10, effective after the close on June 7, 2023
• When the Reverse Stock Split is effective, every 10 shares of Common Stock issued and outstanding or held as treasury stock as of the Effective Time will be automatically combined and reclassified into one share of Common Stock.
• The total number of common shares authorized for issuance will be reduced by a corresponding ratio from 2.5 billion shares to 250 million shares.
• UP -2.3% after hours to $0.2597
• Source: Press Release

For further details see: