The lenders will receive newly issued Wheels Up Class A common stock resulting in owning approximately 95% of the pro forma equity of the company on a fully diluted basis.”–Delta, New Investors Keep Wheels Up Flying; Here’s Why And What’s Next (forbes.com)Wheels Up is a private aviation company that was founded in 2013 by Kenny Dichter. Here’s a brief history and some key milestones:Wheels Up Stock Wheels Up StockFoundation (2013). Wheels Up Stock Wheels Up StockGoing Public (2021). Lastly, Wheels Up had established itself as a major player in the private aviation sector. Wheels Up Stock Wheels Up Stock

Source: Forbes August 15, 2023 17:50 UTC