Wheels Up (UP) announced it received a notice from the NYSE on April 22 because the average closing price of its common stock did not exceed $1 over a 30 consecutive trading-day period. The company has six months to regain compliance. Wheels Up intends to regain compliance and will seek stockholder approval at its June 10 annual meeting to authorize a reverse stock split to cure the deficiency, unless it has otherwise regained compliance.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UP:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue