Wheels Up Board Approves Reverse Stock Split

Wheels Up signage at the NYSE

Wheels up signage displayed at the NYSE on July 14, 2021, the company's first day of public trading.

Credit: Richard Levine / Alamy Stock Photo
The Wheels Up Experience’s Board of Directors approved a 1-for-10 reverse stock split to increase the trading price of its common stock and avoid delisting by the New York Stock Exchange (NYSE). With its stock trading below $1 per share since early March, the company faced possible delisting by the...
Molly McMillin

Molly McMillin, a 25-year aviation journalist, is managing editor of business aviation for the Aviation Week Network and editor-in-chief of The Weekly of Business Aviation, an Aviation Week market intelligence report.

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.