Wheels Up Experience Inc. said today 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.
It is a requirement for continued listing on the NYSE.
Per its press release, “Wheels Up remains committed to executing its long-term, foundational improvements to its operations and commercial engine, and its objective to build a resilient business model to support sustainable future profitability.”
The company continued, “Key initiatives supporting this business transformation include modernizing its fleet through the addition of customer-preferred Embraer Phenom 300 series and Bombardier Challenger 300 series jets, leveraging its first-of-its-kind partnership with Delta Air Lines, and delivering premium solutions for every customer journey.”
The Delta Air Lines-backed private jet flight provider…
