Wheels Up Regains Compliance with NYSE Continued Listing Standard
- Successfully regained NYSE listing compliance through market-driven stock appreciation
- Achieved compliance in just over a month after receiving notice
- Current market capitalization reaches approximately $1 billion
- Management reports progress in business transformation and strategy execution
- Recent history of falling below NYSE minimum share price requirements
- Company still working towards achieving sustainable profitability
"We are pleased that in just over a month since receiving a continued listing standard notice, we have regained full compliance with NYSE listing standards through market-driven stock appreciation," said George Mattson, Wheels Up's Chief Executive Officer. "This milestone reflects growing investor confidence in our continued progress in executing our business transformation and long-term strategy. Our current market capitalization of approximately
On JuneÌý2,Ìý2025, WheelsÌýUp received written confirmation from the NYSE that, as of MayÌý30,Ìý2025, WheelsÌýUp's common stock had a closing share price of at least
About Wheels Up
Wheels Up is a leading provider of on-demand private aviation in the
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Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control of WheelsÌýUp. These forward-looking statements include, but are not limited to, statements regarding:Ìý (i)ÌýWheels Up's ongoing business transformation strategy, including its current commercial programs and fleet modernization strategy and the expected commercial, financial and operational impacts; (ii)ÌýWheels Up's ability to achieve its financial goals in the future pursuant to the most recent schedule that it has announced; and (iii)ÌýWheelsÌýUp's ability to maintain compliance with the NYSE's continued listing standards in the future. The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "future," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in WheelsÌýUp's nnual Report on FormÌý10-K for the year ended DecemberÌý31,Ìý2024 filed with the
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SOURCE Wheels Up