Wheels Up (UP) Experience announced that its lead investors, Delta Air Lines (DAL), CK Wheels, and Cox Investment Holdings agreed to extend the lock-up restriction for all their shares of common stock issued under the Investment and Investor Rights Agreement, for an additional eight months, until May 22, 2026. As a result, all of the outstanding shares held by these strategic investors – representing approximately 85% of the total outstanding shares of the company as of September 22, 2025 – will remain subject to a lock-up restriction.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UP:
- Short Report: Frontier Group short positioning continues gaining altitude
- Wheels Up Experience Announces $50M Equity Offering
- Unusually active option classes on open August 25th
- Wheels Up implements divestiture of non-core services businesses for $20M
- Wheels Up Reports Improved Profitability Amid Fleet Modernization