Wheels Up investors agree to one-year lock-up extension

Wheels UP said on September 23, 2024, that its key investors Delta Air Lines, CK Wheels, and Cox Investment Holdings have agreed to extend the lock-up restriction with respect to their shares of common stock by one year, until September 20, 2025. In addition, Kore Capital and funds managed by Whitebox Advisors, agreed to extend the lock-up restriction with respect to 72.5% of their shares until September 20, 2025. As a result, approximately 97.2% of the shares will remain subject to a lock-up restriction until September 20, 2025. “I appreciate the confidence and support of the company’s lead investors,” said