Via Renewables shareholders approve 1-for-5 reverse stock split effective March 21

Via Renewables, Inc.

Shareholders approved reverse split at special meeting March 20, 2023: 27,416,243 for, 4,320,584 against, 143,336 abstain.
Certificate of amendment filed to effect 1-for-5 reverse split of Class A and Class B common stock, effective March 21, 2023 at 5:30 PM ET.
Every 5 shares combine into 1 share; fractional shares rounded up; authorized shares unchanged (120M Class A, 60M Class B).
CUSIP for Class A common changes to 92556D304; trading symbol VIA unchanged; split-adjusted trading expected March 22, 2023.

item 3.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Via Renewables, Inc.: Amended the Amended and Restated Certificate of Incorporation to effect a 1-for-5 reverse stock split of the Common Stock, effective March 21, 2023 at 5:30 PM ET (effective 2023-03-21).

Change: charter amendment
Effective: 2023-03-21

Exact text from the filing

On March 20, 2023, the Company filed with the Delaware Secretary of State the Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split at a ratio of 1 for 5 for each share of Common Stock effective as of March 21, 2023 at 5:30 PM ET.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Via Renewables, Inc. shareholders approved Approval of Reverse Stock Split at the 2023-03-20 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-03-20

Exact text from the filing

Proposal 1 : The Reverse Stock Split was approved by the votes set forth in the table below: For Against Abstain 27,416,243 4,320,584 143,336

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Via Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-003186

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