Via Renewables (VIASP) removes 8.75% Series A preferred from Nasdaq listing

Rhea-AI Filing Summary

Via Renewables, Inc. notified removal of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock from listing and registration on the Nasdaq Stock Market LLC. The Exchange states it complied with 17 CFR 240.12d2-2 procedures and the issuer completed the voluntary withdrawal requirements.

Insights

Listing Compliance Attorney

Nasdaq and the issuer followed the regulatory steps to delist a preferred class.

The filing is an administrative notification that the 8.75% Series A preferred shares were removed from Nasdaq listing and registration under Section 12(b). It cites compliance with 17 CFR 240.12d2-2 procedural subsections.

Because this is a delisting/withdrawal notice, cash-flow treatment and next steps for holders are not stated; subsequent filings or issuer communications would provide details on redemption, transfer mechanisms, or where the securities may trade.

Key Figures

Preferred coupon: 8.75% Commission File Number: 001-36559 Issuer address zip: 77079 +1 more

4 metrics

Preferred coupon 8.75% Series A Fixed-to-Floating Rate Preferred

Commission File Number 001-36559 Form 25 cover data

Issuer address zip 77079 Principal executive office address

Issuer telephone (713) 600-2600 Principal executive office contact

Key Terms

Form 25, 17 CFR 240.12d2-2, Cumulative Redeemable Perpetual Preferred Stock

3 terms

Form 25 regulatory

"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

17 CFR 240.12d2-2 regulatory

"Pursuant to 17 CFR 240.12d2-2(b)"

A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.

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.

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Available on EDGAR 07/01/2026 - 06:09 AM Accepted by SEC EDGAR 06/30/2026 - 06:26 PM Learn about SEC filing dates

UNITED STATES

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OMB Number:			3235-0080
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-36559

Issuer:	Via Renewables, Inc.
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	12140 Wickchester Ln., Suite 100
	Houston	TEXAS	77079
Telephone number:					(713) 600-2600

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

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

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-06-30	By	Jennifer Fainer		CDO Analyst
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Via Renewables (VIASP) file with the SEC?

Via Renewables filed a Form 25 to notify removal of its 8.75% Series A preferred stock from Nasdaq listing. The filing states both the Exchange and issuer complied with 17 CFR 240.12d2-2 procedural requirements for withdrawal.

Which class of securities was removed for VIASP?

The filing concerns the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The notice identifies that specific class as the subject of the Nasdaq delisting and voluntary withdrawal.

Does the Form 25 explain how holders will be paid or where shares will trade?

No. The Form 25 certifies procedural compliance for delisting; it does not state redemption terms, cash consideration, or alternative trading venues. Holder treatment and mechanics are not described in this notification.

Who certified the delisting on the Form 25 filing?

Nasdaq Stock Market LLC certified it had reasonable grounds to file the Form 25 and the notice is signed on its behalf by Jennifer Fainer, identified as a CDO Analyst. The issuer is listed as Via Renewables, Inc.