Welcome to our dedicated page for Via Transportation news (Ticker: VIA), a resource for investors and traders seeking the latest updates and insights on Via Transportation stock.
Via Transportation, Inc. (NYSE: VIA) is a technology company focused on software and technology-enabled services for public transit systems, and its news flow reflects this focus. Company announcements often highlight how Via’s platform is used by cities and transit agencies to transform public transportation into dynamic, data- and demand-based networks that replace fragmented legacy systems and consolidate operations.
Investors and observers following VIA stock can expect news related to quarterly and annual financial results, including revenue trends, Platform Annual Run-Rate Revenue, customer count, and non-GAAP measures such as Adjusted Gross Profit and Adjusted EBITDA. Via regularly issues press releases about its earnings and furnishes these releases to the Securities and Exchange Commission on Form 8-K, providing updates on its operating performance and outlook.
Via’s news also covers corporate development activity, such as acquisitions and partnerships. For example, the company has announced the completion of its acquisition of Downtowner Transportation LLC, a transportation technology company focused on Destination Cities, and has referenced prior acquisitions of Remix and Citymapper. These items provide insight into how Via expands its platform capabilities and data assets. Strategic partnerships, such as its collaboration with Waymo to integrate autonomous ride-hailing services into public transit networks, are another recurring theme in Via’s news.
Legal and intellectual property developments may also appear in the news feed. Via has reported on patent litigation outcomes involving its virtual bus stop technology and microtransit patents, including court decisions awarding ongoing royalties on certain infringing products. Such updates shed light on the company’s efforts to protect and monetize its intellectual property.
By reviewing Via’s news page, readers can track financial announcements, M&A activity, partnerships with other transportation technology providers, and legal milestones that relate to the company’s public transit software and services. Bookmarking this page can help investors and industry participants monitor how Via’s platform and strategy evolve over time.
Via Renewables (NASDAQ:VIASP) has announced a tender offer to purchase up to 200,000 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock at $24.00 per share in cash. The offer represents approximately 5.9% of the company's outstanding Series A Preferred Stock.
The tender offer will expire on March 28, 2025, unless extended or terminated. The offer is not conditioned on any minimum number of shares being tendered or financing but is subject to other terms and conditions. Alliance Advisors is serving as the information agent, while Equiniti Trust Co is acting as the depositary for the tender offer.
Shareholders can tender all or a portion of their shares, with proration applying if the number of shares tendered exceeds 200,000. The company's Board of Directors has authorized the tender offer but makes no recommendation to shareholders regarding participation.
Via Renewables (NASDAQ:VIASP) has announced the final results of its tender offer to purchase Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The company offered to buy up to 200,000 shares at $22.50 per share in cash. Based on the final count, 6,353 shares were properly tendered, representing less than 0.2% of outstanding Series A Preferred Stock.
The company will accept all properly tendered shares for an aggregate purchase price of $142,942.50. Payment is expected to be made around February 19, 2025. Via Renewables may consider additional share purchases in the future through various means, depending on business performance and market conditions.
Via Renewables (NASDAQ:VIASP) has announced a tender offer to purchase up to 200,000 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock at $22.50 per share in cash. This represents approximately 5.9% of the company's outstanding Series A Preferred Stock.
The tender offer will expire on February 18, 2025, at 5:00 p.m. New York City time, unless extended or terminated. The offer is not conditioned upon any minimum number of shares being tendered or financing but is subject to other terms and conditions. Alliance Advisors is serving as the information agent, while Equiniti Trust Co is acting as the depositary for the tender offer.
Shareholders can tender all or a portion of their shares and may withdraw their tendered shares at any time before the expiration date. In case of oversubscription, shares will be subject to proration as described in the Offer to Purchase documents.
Via Renewables (NASDAQ:VIA) has declared a quarterly cash dividend of $0.69635 per share on its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on April 15, 2025 to stockholders of record as of April 1, 2025.
The Three-Month CME Term SOFR for this dividend is 4.30198%, down from 5.31399% a year ago. Following LIBOR's end of publication on June 30, 2023, the replacement benchmark rate includes Three-Month CME Term SOFR plus a tenor spread adjustment of 0.26161%.
The company also announced a $50,000 donation to the American Red Cross to support those affected by the California wildfires, with the CEO pledging to match employee donations.
Via Renewables (NASDAQ:VIASP) has completed its tender offer for its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The company received approximately 187,103 shares properly tendered at $22.50 per share, representing about 5.2% of outstanding Series A Preferred Stock. The total aggregate purchase price is approximately $4.21 million.
The company expects to complete payments for all accepted shares around December 18, 2024. Via Renewables maintains the option to purchase additional shares in the future through various means, including open market purchases or private transactions, subject to market conditions and applicable laws.
Via Renewables (NASDAQ:VIASP) has announced the appointment of David Bill III to its Board of Directors as an independent Class I director, effective November 18, 2024. Bill will serve on the Audit Committee. The company also announced the departure of Kenneth Hartwick from the Board, effective the same date. CEO Keith Maxwell highlighted Bill's extensive leadership experience, while Bill expressed enthusiasm about joining the board and supporting the organization's innovation and growth. Hartwick's departure is not related to any disagreement with the company.
Via Renewables (NASDAQ:VIASP) has announced a tender offer to purchase up to 800,000 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock at $22.50 per share in cash. The offer represents approximately 22.4% of outstanding Series A Preferred Stock. The tender offer will expire on December 17, 2024, at 5:00 p.m. NYC time, unless extended or terminated. The offer is not conditioned on minimum shares tendered or financing but is subject to other terms. D.F. King & Co. serves as information agent and Equiniti Trust Co. as depositary.
Via Renewables (NASDAQ:VIA)(NASDAQ:VIASP) has announced a quarterly cash dividend of $0.71847 per share on its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on January 15, 2025 to shareholders of record as of January 1, 2025. The company also noted that the floating rate period for the Series A Preferred Stock began on April 15, 2022.
Following the end of Three-Month LIBOR's publication on June 30, 2023, the replacement benchmark rate for the Series A Preferred Stock is now Three-Month CME Term SOFR, plus a tenor spread adjustment of 0.26161%. This change is in accordance with the Adjustable Interest Rate (LIBOR) Act and regulations by the Federal Reserve System.
Via Renewables (NASDAQ:VIA, NASDAQ:VIASP) has declared a quarterly cash dividend of $0.75881 per share on its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The dividend will be paid on October 15, 2024 to shareholders of record as of October 1, 2024. This announcement follows the transition to a floating rate period for the Series A Preferred Stock, which began on April 15, 2022.
In line with the Adjustable Interest Rate (LIBOR) Act and Federal Reserve regulations, the replacement benchmark rate for the Series A Preferred Stock is now Three-Month CME Term SOFR plus a tenor spread adjustment of 0.26161%. This change was necessitated by the cessation of Three-Month LIBOR on June 30, 2023.
Via Renewables announced an optional conversion right for its 8.75% Series A Preferred Stock, allowing holders to convert shares into $8.07 per share in cash. This follows a merger agreement where NuRetailco merged into Via Renewables. The conversion is optional and can be exercised in full, in part, or not at all. Shares will remain outstanding if not converted. The closing price of the Series A Preferred Stock on June 26, 2024, was $24.04 per share. Holders have until July 26, 2024, to exercise this right, with settlements expected by July 31, 2024. Details are available in the company's Form 8-K filed with the SEC.
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