WARRANTS |
6 Months Ended |
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Jun. 30, 2022 | |
| Warrants and Rights Note Disclosure [Abstract] | |
| WARRANTS | WARRANTSPrior to the Business Combination, Aspirational issued 7,991,544 Public Warrants and 4,529,950 Private Warrants. On the Closing Date, Wheels Up assumed the warrants. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. The Public Warrants and Private Warrants became exercisable on September 25, 2021, which was 12 months from the closing of the Aspirational initial public offering, and expire five years from the completion of the Business Combination or earlier upon redemption or liquidation. In connection with the Business Combination, we filed a Registration Statement on Form S-1 that was declared effective by the SEC on August 24, 2021, as amended by Post-Effective Amendment No. 1 thereto that was declared effective by the SEC on March 21, 2022. This Registration Statement relates to the issuance of an aggregate of 12,521,494 shares of Class A common stock underlying the Public Warrants and Private Warrants. As of June 30, 2022, there have not been any warrants exercised and 12,521,494 remain outstanding. |
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- Definition Warrants And Rights Disclosure No definition available.
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- References No definition available.
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