Highest-materiality recent filing
Redemption price of $25.00 per share plus $0.59928 per share in accumulated dividends.
Via Renewables enters $300M senior secured revolving credit facility, replaces prior agreement
New $300M revolving credit facility with Bank OZK as agent, matures May 6, 2029.
Via Renewables ups senior credit facility to $250M
Senior secured borrowing base credit facility increased to $250.0 million on June 25, 2025.
Via Renewables launches tender offer for up to 800,000 Series A Preferred shares at $22.50/share
Tender offer to purchase up to 800,000 shares (~22.4% of outstanding) of 8.75% Series A Preferred Stock at $22.50/share cash.
Via Renewables amends credit agreement: revolver increased to $205M, maturity extended to 2027
Borrowing capacity raised to $205M on a revolving basis; maturity extended to June 30, 2027.
Via Renewables Announces Optional Conversion Rights for Series A Preferred Stock at $8.07 Per Share
Conversion right triggered by change of control from merger closed June 13, 2024, with Retailco LLC acquiring over 75% voting power.
Via Renewables closes $11.00/share cash merger with Maxwell; shares to be delisted
Merger effective June 13, 2024; public Class A stockholders receive $11.00 per share cash.
Via Renewables shareholders approve merger with Retailco; closing expected by end of Q2 2024
Merger Proposal approved by 83.3% of outstanding common shares and 51.0% of minority shareholders (excluding Maxwell and insiders).
Via Renewables adjourns special meeting to June 7; needs more minority votes for merger approval
Over 81% of total shares voted FOR merger proposal, but minority vote threshold (majority of minority) not met: only 44% of minority shares voted FOR.
Via Renewables Q1 net income $19.1M vs loss; acquires ~12,500 RCEs
Net income $19.1M vs net loss $(6.8M) in Q1 2023; driven by mark-to-market hedge gains.
Via Renewables Q4 Net Loss $0.9M, Full Year Net Income $26.1M; Adjusted EBITDA up YoY
Q4 net loss $0.9M vs $27.5M loss a year ago, with $6.2M mark-to-market hedges loss.
Via Renewables to be taken private at $11.00/shr by CEO Maxwell's entity Retailco
Retailco, owned by CEO/Chairman Maxwell, will acquire all VIA Class A common not held by Maxwell for $11.00 cash per share.
On November 15, 2024, director Kenneth M. Hartwick tendered his notice of resignation from the Board of Directors (“Board”) of Via Renewables, Inc. (the “Company”) for personal reasons, effective November 18, 2024, 5 p.m. CST.
Effective on November 18, 2024, 5 p.m. CST, the Board appointed David Bill III to the Company’s Board.
Max materiality 0.85 · Median 0.57 · Most common event other_material