Wheels Up Experience Inc. (UP) officially announced that its board of directors has approved a reverse stock split at a ratio of one share for every 20 shares.

This important capital structure adjustment measure is expected to take effect officially after market close on April 24, 2026. After the reverse stock split is implemented, the number of outstanding common shares will be significantly reduced proportionally, and the par value per share will be adjusted accordingly. This move is usually aimed at increasing the per-share price in order to meet exchange continued listing standards and may also improve the stock's appeal to a broader range of institutional investors. Market participants should pay close attention to the direct impact of this reverse stock split on the number of shares held and the per-share valuation.