Features Pricing Learn Reverse Splits Tracker Shelf & ATM Tracker Warrant Tracker PIPE Deal Tracker Weekly Report FAQ API Sign In →
83 /100
CRITICAL RISK
Score updated Oct 13, 2026

UP — Wheels Up Experience Inc. Dilution Risk Tracker

Track UP dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

🔔 Track UP — Get alerts when the score changes →

As of October 13, 2026, Wheels Up Experience Inc. (UP) has a DilutionWatch DilutionScore of 83/100, rated CRITICAL dilution risk. Wheels Up Experience Inc. has a market capitalization of $130.23M, 36.28M shares outstanding, 99 institutional holders tracked. Stored dilution-related fields include 12.52M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
60
💰 Cash Runway
95
📊 Float Risk
100
⚠️ Warrant Exposure
70
🔄 Convertible Debt
40

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 45%
💰 Capital Raise model 55%
• Critical: only 2.4 months cash remaining
📜 Warrant Exercise model 50%
• Massive warrant overhang: 35% of shares outstanding
• Elevated warrant risk score (70/100)
📉 Score Deterioration model 15%
• Score already CRITICAL (83/100) — events likely imminent
🔔 Track UP — Get forecast alerts →

Market Data

Market Cap$130.23M
Shares Outstanding36.28M
Float5.77M
Cash$86.31M
Debt$602.25M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore83/100DilutionWatch score record
Shares Outstanding36.28MVerified float table or market cache
Public Float5.77MVerified float table or market cache
Market Cap$130.23MMarket data cache
Cash Runway2.4 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants12.52MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 3 1, 4 2, 8-K 1, FORM 4 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 0.6% shares (2026Q1 vs prior)
99 institutional holders · 560.45M shares
#1 DELTA AIR LINES, INC. 263.37M shares
#2 Knighthead Capital Management, LLC 258.17M shares
#3 Kore Advisors LP 15.19M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest930.5K
Days to Cover6.6
% of Float16.1%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-05
xbrl XBRL CONVERTIBLE 2026-03-10
Form 4 INSIDER TRANSACTION 2026-08-31
8-K 8K EVENT 2026-04-27
3 FORM3 2026-04-24
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual UP Dilution Snapshot

Wheels Up Experience Inc. (UP) has a DilutionScore of 83/100, rated Critical dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

UP's DilutionScore is currently 83/100 (Critical risk), with 3 score changes tracked over 89 days. The score improved from 72/100 (High risk).

Period Score Risk Level Duration
Sep 30 – Oct 13, 202683/100CRITICAL14 days
Aug 22 – Sep 29, 202672/100HIGH39 days
Aug 14 – Aug 21, 202676/100CRITICAL7 days
Jul 16 – Aug 13, 202672/100HIGH29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

UP shares outstanding have decreased 95.0% from 721.71M (Mar 2026) to 36.25M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 13, 202636.25M5.77M▲ 0.02%
Apr 21, 2026722.89M115.39M▲ 0.39%
Mar 14, 2026721.71M114.94M▲ 1.84%
Mar 09, 2026721.71M112.49M▲ 0.97%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track UP Dilution Risk in Real-Time
DilutionWatch monitors SEC filings 24/7 and alerts you the moment UP files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.
Start Tracking UP — Free
Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously

Related Stocks — CRITICAL Risk

Other CRITICAL dilution risk stocks tracked by DilutionWatch with similar profiles:

Browse all 8,490+ tracked stocks →

📖 Dilution Education
→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations