Wheels Up Experience Inc. Files Prospectus for $50 Million ATM Equity Offering with BofA Securities and Jefferies
Reuters
Aug 29
Wheels Up Experience Inc. Files Prospectus for $50 Million ATM Equity Offering with BofA Securities and Jefferies
Wheels Up Experience Inc. has entered into an ATM Equity Offering Sales Agreement with BofA Securities, Inc. and Jefferies LLC, enabling the sale of up to $50 million of its Class A common stock. The sales, classified as "at the market offerings," are to be conducted on the New York Stock Exchange or other market price-based transactions. This agreement is part of the company's Registration Statement on Form S-3, which was filed with the U.S. Securities and Exchange Commission and declared effective earlier this year. The company is not obligated to sell any shares and sales will depend on factors such as market conditions and capital needs.
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