SPAC Aspirational Consumer shareholders approve Wheels Up merger

By Doug Gollan, July 13, 2021

The approval by Aspirational Consumer of its Wheels Up merger puts the private jet company closer to trading on the New York Stock Exchange

Aspirational Consumer Lifestyle Corp. (“Aspirational”) (NYSE: ASPL), a special purpose acquisition company, today announced that its shareholders have voted to approve the previously announced business combination with Wheels Up Partners Holdings LLC.

At the extraordinary general meeting of Aspirational shareholders held today, approximately 93.6% of the votes cast, representing approximately 63.3% of holders of Aspirational’s outstanding shares, approved the proposed business combination with Wheels Up.

Subject to the satisfaction of certain other closing conditions, the business combination is expected to close on July 13, 2021, after which Wheels Up’s Class A common stock and warrants will be listed on the New York Stock Exchange under the ticker symbols “UP” and “UP WS”, respectively, and ASPL will be renamed Wheels Up Experience Inc.

Launched in September 2020, Aspirational is a partnership of experienced consumer investors and former LVMH operating executives alongside L Catterton, a global consumer-focused private equity firm, as a minority partner.

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