Via Renewables Announces Optional Conversion Rights for Series A Preferred Stock at $8.07 Per Share

Via Renewables, Inc.

Conversion right triggered by change of control from merger closed June 13, 2024, with Retailco LLC acquiring over 75% voting power.
Holders may convert each Series A Preferred share into $8.07 cash, well below the $24.04 closing price on June 26, 2024.
Election deadline is July 26, 2024; conversions will settle on July 31, 2024.
Conversion right is optional; holders can choose to convert all, part, or none of their shares.
Press release and notice filed as exhibits on Form 8-K dated June 27, 2024 (Items 7.01 and 9.01).

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