Via Renewables Announces a Redemption of 209,437 Shares of Its 8.75% Series a Fixed-To-Floating Rate Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

Via Renewables (NASDAQ:VIASP) announced a partial redemption of 209,437 shares of its 8.75% Series A fixed-to-floating rate cumulative redeemable perpetual preferred stock.

The shares will be redeemed at $25.00 per share in cash plus $0.25271 per share of accumulated unpaid dividends, payable to, but not including, the redemption date of May 20, 2026. Payment will follow DTC procedures and be made by Equiniti Trust Company; a Notice of Partial Redemption was delivered on April 20, 2026.

Positive

• Shares to be redeemed: 209,437 shares scheduled for redemption
• Redemption price set: $25.00 per share plus $0.25271 accrued dividends
• Redemption date: May 20, 2026 with notice delivered April 20, 2026

Negative

• Cash outflow required: Company must pay $25.00 plus accrued dividends in cash per share
• Preferred interest reduced: 209,437 shares removal may affect capital structure and dividend obligations

News Market Reaction – VIASP

+0.51%

+0.51% Session close to close

In the Apr 21 session, VIASP gained 0.51%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details another partial redemption of the 8.75% Series A preferred at $25.00 per s...

Analysis

This announcement details another partial redemption of the 8.75% Series A preferred at $25.00 per share plus $0.25271 in accrued dividends on May 20, 2026. It continues a pattern of prior redemptions disclosed in recent 8-K filings. The key elements to monitor are the pace of further redemptions, ongoing dividend declarations, and how these preferred actions relate to the company’s broader capital structure and liquidity, as described in its recent 10-K and 10-Q reports.

Key Figures

Shares redeemed: 209,437 shares Dividend rate: 8.75% Redemption price: $25.00 per share +5 more

8 metrics

Shares redeemed 209,437 shares Series A preferred partial redemption on May 20, 2026

Dividend rate 8.75% Series A Fixed-to-Floating Rate preferred stock coupon

Redemption price $25.00 per share Cash paid per redeemed Series A preferred share

Accrued dividend $0.25271 per share Accumulated and unpaid dividends to but not including May 20, 2026

Redemption date May 20, 2026 Effective date for redeeming 209,437 Series A preferred shares

Approx. series portion 10% Portion of 8.75% Series A preferred shares being redeemed per 8-K

Current price $25.43 Pre-news trading level for VIASP

52-week range $22.7735 – $26.68 Lowest and highest VIASP prices in the last 52 weeks

Historical Context

3 past events · Latest: Apr 15 (Neutral)

Pattern 3 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 15	Preferred dividend	Neutral	-0.4%	Quarterly cash dividend declared on 8.75% Series A preferred shares.
Jan 16	Partial redemption	Neutral	-0.0%	Redemption of 232,708 Series A preferred shares at $25 plus dividends.
Nov 18	Partial redemption	Neutral	+0.0%	Redemption of 258,565 Series A preferred shares at $25 plus dividends.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Repeated partial redemptions of the 8.75% Series A preferred have historically produced minimal price reaction in VIASP.

Recent Company History

Over the last several months, Via Renewables has repeatedly focused on its 8.75% Series A preferred stock. Partial redemptions on Nov 18, 2025 and Jan 16, 2026 generated virtually no price impact (0% and -0.01%). A dividend declaration on Apr 15, 2026 also saw a mild -0.39% move. Today’s announced redemption continues this pattern of incremental capital actions on the Series A rather than a shift in broader strategy.

Key Terms

fixed-to-floating rate, cumulative redeemable perpetual preferred stock, par value, redemption price, +3 more

7 terms

fixed-to-floating rate financial

"its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock"

A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.

cumulative redeemable perpetual preferred stock financial

"8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock"

A cumulative redeemable perpetual preferred stock is a type of ownership share that pays fixed dividends forever unless the company stops them, and any missed dividends accumulate and must be paid later. It can be redeemed (bought back) by the issuer at specified times or prices, so it behaves partly like a long-term loan; investors care because it sits ahead of common shares for payments and can affect a company’s cash needs and perceived credit risk.

par value financial

"par value $0.01 per share (the "Series A Preferred Stock" or the "shares")"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

redemption price financial

"at a redemption price equal to $25.00 per share in cash"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

book-entry financial

"All shares of Series A Preferred Stock are issued in book-entry form only"

A book-entry is an electronic record that shows who legally owns a share, bond or other security instead of a paper certificate. Think of it like a bank ledger entry that tracks ownership and transfers; it makes buying, selling, dividend payments and ownership checks faster, cheaper and less risky for investors because nothing physical needs to be moved or stored.

transfer agent financial

"Payment to DTC for the Series A Preferred Stock so redeemed will be made by Equiniti Trust Company ("Equiniti"), as transfer agent."

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

notice of partial redemption regulatory

"A Notice of Partial Redemption will be given today to the holders of Series A Preferred Stock."

A notice of partial redemption is a formal announcement that a borrower will pay back part—not all—of a specific issue of bonds or preferred shares before their scheduled end date. It matters to investors because it changes expected future interest or dividend payments and returns some principal early, like having part of a fixed-income investment repaid ahead of schedule, which can force reinvestment at different rates and alter income and portfolio risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, TX / ACCESS Newswire / April 20, 2026 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIASP), an independent retail energy services company, announced today that it will redeem 209,437 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock" or the "shares"), at a redemption price equal to $25.00 per share in cash, plus $0.25271 per share of accumulated and unpaid dividends thereon (the "Redemption Price") to, but not including, the redemption date of May 20, 2026 (the "Redemption").

All shares of Series A Preferred Stock are issued in book-entry form only through the facilities of The Depository Trust Company ("DTC"). Accordingly, the redemption of the Series A Preferred Stock, including payment of the redemption price, will be completed according to DTC's procedures. A Notice of Partial Redemption will be given today to the holders of Series A Preferred Stock. Payment to DTC for the Series A Preferred Stock so redeemed will be made by Equiniti Trust Company ("Equiniti"), as transfer agent. Additional information related to the Redemption procedures, including copies of the Notice of Partial Redemption, may be obtained from Equiniti by calling 718-921-8317.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. These forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), can be identified by the use of forward-looking terminology including "may," "should," "could," "likely," "will," "believe," "expect," "anticipate," "estimate," "continue," "plan," "intend," "project," or other similar words. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The forward-looking statements include statements regarding the impacts of Winter Storm Uri, cash flow generation and liquidity, business strategy, prospects for growth and acquisitions, outcomes of legal proceedings, the timing, availability, ability to pay and amount of cash dividends on our Series A Preferred Stock, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, objectives, beliefs of management, availability and terms of capital, competition, government regulation and general economic conditions. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurance that such expectations will prove correct.

The forward-looking statements in this press release are subject to risks and uncertainties. Important factors that could cause actual results to materially differ from those projected in the forward-looking statements include, but are not limited to:

• changes in commodity prices, the margins we achieve, and interest rates;

• the sufficiency of risk management and hedging policies and practices;

• the impact of extreme and unpredictable weather conditions, including hurricanes, heat waves and other natural disasters;

• federal, state and local regulations, including the industry's ability to address or adapt to potentially restrictive new regulations that may be enacted by public utility commissions;

• our ability to borrow funds and access credit markets;

• restrictions and covenants in our debt agreements and collateral requirements;

• credit risk with respect to suppliers and customers;

• our ability to acquire customers and actual attrition rates;

• changes in costs to acquire customers;

• accuracy of billing systems;

• our ability to successfully identify, complete, and efficiently integrate acquisitions into our operations;

• significant changes in, or new changes by, the independent system operators ("ISOs") in the regions we operate;

• risks related to our recently completed Merger (as defined below) including the outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted against us and others relating to the Merger or otherwise, the impact of the Merger on our operations and the amount of the costs, fees, expenses and charges related to Merger;

• competition; and

• the "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, subsequent Quarterly Reports on Form 10-Q, and other public filings and press releases.

You should review the risk factors and other factors noted throughout this press release that could cause our actual results to differ materially from those contained in any forward-looking statement. All forward-looking statements speak only as of the date of this press release. Unless required by law, we disclaim any obligation to publicly update or revise these statements whether as a result of new information, future events or otherwise. It is not possible for us to predict all risks, nor can we assess the impact of all factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

ABOUT VIA RENEWABLES, INC.
Via Renewables, Inc. is an independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity under our well-established and well-regarded brands, including Spark Energy, Major Energy, Provider Power, and Verde Energy. Headquartered in Houston, Texas, Via Renewables currently operates in 21 states and DC and serves 106 utility territories. Via Renewables offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.

We use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Via Renewables Investor Relations website at ViaRenewables.com. Investors are urged to monitor our website regularly for information and updates about the Company.

Contact: Via Renewables, Inc.

Investors:
Jenny Gao, 832-200-3727

Media:
Kira Jordan, 832-255-7302

SOURCE: Via Renewables, Inc.

View the original press release on ACCESS Newswire

FAQ

What exactly is Via Renewables redeeming on May 20, 2026 (VIA/VIASP)?

Via Renewables is redeeming 209,437 shares of its Series A preferred stock on May 20, 2026. According to the company, the redemption price is $25.00 per share plus $0.25271 per share of accumulated unpaid dividends.

How much will Via Renewables pay per share for the Series A preferred redemption?

The company will pay $25.00 per share plus $0.25271 in accumulated unpaid dividends. According to the company, payment follows DTC procedures and is handled by Equiniti Trust Company.

When did Via Renewables notify holders about the Series A partial redemption?

Via Renewables issued a Notice of Partial Redemption on April 20, 2026. According to the company, the notice was delivered to holders and details redemption procedures via DTC and Equiniti.

Who will handle payment and settlement for Via Renewables' redemption of Series A shares?

Payment to DTC for redeemed Series A shares will be made by Equiniti Trust Company. According to the company, settlement and payment will be completed according to DTC's standard procedures.

Will Via Renewables pay dividends on Series A shares up to the redemption date?

Yes; holders will receive accumulated unpaid dividends of $0.25271 per share in addition to the $25.00 redemption price. According to the company, the dividend amount covers accruals to, but not including, May 20, 2026.