{"url_path":"/sec/wsupw/8-k/2026-04-27/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1819516/0001628280-26-027641-index.html","accession_number":"0001628280-26-027641","cik":"0001819516","ticker":"UP","issuer_name":"Wheels Up Experience Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1819516/0001628280-26-027641-index.html","primary_entity_key":"0001819516","primary_entity_name":"Wheels Up Experience Inc."},"word_count":254,"has_tables":true,"body_markdown":"Item 8.01    Other Events.\n\nIn connection with the Reverse Stock Split, and pursuant to the terms of the Warrant Agreement, dated as of September 25, 2020 (the “Warrant Agreement”), by and between Aspirational Consumer Lifestyle Corp., a blank check company and the predecessor in-interest to Wheels Up (“ASPL”), and Continental Stock Transfer & Trust Company, as warrant agent, certain terms of the Company’s issued and outstanding redeemable public warrants and\n\nprivate warrants (collectively, the “Warrants”) to purchase shares of Common Stock were further adjusted to reflect: (i) a reduction in the number of shares of Common Stock issuable upon exercise of each Warrant, which as of the Effective Time resulted in each Warrant being exercisable for 1/200th of one (1) share of Common Stock; (ii) an increase in the exercise price per whole share of Common Stock to $2,300.00; and (iii) the stated redemption prices per Warrant being proportionately reduced by the inverse of the Ratio. The Company does not intend to amend the terms of the Warrant Agreement to reflect the corresponding adjustments as a result of the Reverse Stock Split. The Warrants are scheduled to expire on July 13, 2026, subject to earlier exercise or redemption.\n\nThe foregoing description of the Warrant Agreement does not purport to be complete and is qualified in its entirety by reference to the Warrant Agreement, which was originally filed as Exhibit 4.1 to ASPL’s Current Report on Form 8-K filed with the SEC on September 25, 2020 and is incorporated herein by reference as Exhibit 4.1."}