Private aviation company Wheels Up announced today it has entered into a definitive agreement to merge with Aspirational Consumer Lifestyle in a transaction that values Wheels Up at an enterprise value of $2.1 billion.
The deal values Wheels Up at an enterprise value of approximately $2.1 billion.
The transaction is expected to deliver up to $790 million of gross proceeds to the combined company, including up to $240 million of cash held in Aspirational’s trust account, with further support by a $550 million PIPE at $10 per share. Read more.
