Wheels Up receives noncompliance notification from NYSE

Wheels Up announced that it received a notice from the New York Stock Exchange that the average closing price per share of its common stock did not exceed $1.00 over a 30 consecutive trading-day period, which is required for continued listing on the NYSE. The company notified the NYSE of its intent to regain compliance with the continued listing standards by seeking stockholder approval at its upcoming annual meeting of stockholders on May 31 to authorize a reverse stock split of the company’s common stock.