Wheels Up Experience Inc. Files 8-K
Ticker: WSUPW · Form: 8-K · Filed: Aug 29, 2025 · CIK: 1819516
| Field | Detail |
|---|---|
| Company | Wheels Up Experience Inc. (WSUPW) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $50.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financials, corporate-action
TL;DR
Wheels Up filed an 8-K, new deals and financials incoming.
AI Summary
Wheels Up Experience Inc. filed an 8-K on August 29, 2025, reporting an entry into a material definitive agreement and filing financial statements and exhibits. The company, previously known as Aspirational Consumer Lifestyle Corp., is in the air transportation sector.
Why It Matters
This filing indicates significant corporate activity, potentially involving new agreements or financial disclosures that could impact investors and stakeholders.
Risk Assessment
Risk Level: medium — An 8-K filing often signals material events, which can introduce uncertainty or opportunity, warranting a medium risk assessment.
Key Numbers
- 001-39541 — SEC File Number (Identifies the company's filing history with the SEC.)
- 98-1617611 — EIN (Employer Identification Number for tax purposes.)
Key Players & Entities
- Wheels Up Experience Inc. (company) — Registrant
- Aspirational Consumer Lifestyle Corp. (company) — Former name
- August 29, 2025 (date) — Date of report
FAQ
What specific material definitive agreement was entered into by Wheels Up Experience Inc.?
The filing indicates an entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What financial statements and exhibits are being filed with this 8-K?
The filing states that financial statements and exhibits are being filed, but the content of these documents is not detailed in the provided text.
When was Wheels Up Experience Inc. formerly known as Aspirational Consumer Lifestyle Corp.?
The date of the name change from Aspirational Consumer Lifestyle Corp. to Wheels Up Experience Inc. was July 29, 2020.
What is the primary business of Wheels Up Experience Inc. according to its SIC code?
Wheels Up Experience Inc. is classified under SIC code 4522, which corresponds to AIR TRANSPORTATION, NONSCHEDULED.
What is the principal executive office address for Wheels Up Experience Inc.?
The principal executive offices are located at 2135 American Way, Chamblee, Georgia 30341.
Filing Stats: 1,006 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2025-08-29 08:10:38
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share UP New York Sto
- $50.0 million — time, up to an aggregate sales price of $50.0 million of its Class A common stock, $0.0001 pa
Filing Documents
- tm2524543d1_8k.htm (8-K) — 31KB
- tm2524543d1_ex5-1.htm (EX-5.1) — 19KB
- tm2524543d1_ex10-1.htm (EX-10.1) — 203KB
- tm2524543d1_ex5-1img01.jpg (GRAPHIC) — 5KB
- 0001104659-25-085165.txt ( ) — 476KB
- up-20250829.xsd (EX-101.SCH) — 3KB
- up-20250829_lab.xml (EX-101.LAB) — 33KB
- up-20250829_pre.xml (EX-101.PRE) — 22KB
- tm2524543d1_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 29, 2025, Wheels Up Experience Inc. (the "Company") entered into an ATM Equity Offering SM Sales Agreement (the "ATM Sales Agreement") with each of BofA Securities, Inc. and Jefferies LLC (each, a "Sales Agent" and together, the "Sales Agents"), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $50.0 million of its Class A common stock, $0.0001 par value per share ("Common Stock" and such amount of shares of Common Stock, the "Shares"), through the Sales Agents. Sales of the Shares made pursuant to the ATM Sales Agreement, if any, may be made by any method deemed to be an "at the market offering" as defined in Rule 415(a)(4) of the Securities Act of 1933, as amended, including sales made in ordinary brokers' transactions on the New York Stock Exchange or otherwise at market prices prevailing at the time of the sale, at prices related to prevailing market prices or at negotiated prices and block trades. Actual sales will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price per share of Common Stock, the timing, magnitude and need for capital for the events and transactions described under the caption "Use of Proceeds" in the Prospectus Supplement (as defined below) and determinations by the Company of the appropriate sources of funding for the Company and its subsidiaries. The offer and sales of the Shares, if any, made pursuant to the ATM Sales Agreement, will be made under the Company's Registration Statement on Form S-3 (File No. 333-284063) filed by the Company with the U.S. Securities and Exchange Commission on December 27, 2024 and declared effective on January 10, 2025, as supplemented by a prospectus supplement, dated August 29, 2025 (as amended or supplemented from time to time, the "Prospectus Supplement"). The Company is not obligated to, and it cannot provi
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 5.1 Opinion of Troutman Pepper Locke LLP, dated August 29, 2025, relating the legality of the Shares 10.1 ATM Equity Offering SM Sales Agreement, dated August 29, 2025, by and among Wheels Up Experience Inc. and each of BofA Securities, Inc. and Jefferies LLC (each as sales agent) 23.1 Consent of Troutman Pepper Locke LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WHEELS UP EXPERIENCE INC . Date: August 29, 2025 By: /s/ George Mattson Name: George Mattson Title: Chief Executive Officer