Via Renewables, Inc. Class A Common Stock

VIA

Market cap $35.6M

HOUSTON, TX / ACCESSWIRE / June 13, 2024 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, announced today the completion of the merger (the "Merger") contemplated by the previously announced Agreement and Plan of Merger, dated as of December 29, 2023 (the "Merger Agreement"), by and among the Company, Retailco, LLC, a Texas limited liability company ("Parent"), and NuRetailco LLC, a Delaware limited liability company and wholly-owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation in the Merger (the "Surviving Corporation"), following which William Keith Maxwell, III and his affiliates became the registered or beneficial owners of all of the shares of the Surviving Corporation's issued and outstanding (a) Class A common stock, par value $0.01 per share (the "Class A Common Stock") and (b) Class B common stock, par value $0.01 per share (the "Class B Common Stock" and, together with the Class A Common Stock, the "Common Stock"). The Merger, originally announced on January 2, 2024, was approved by the Company's shareholders at a special meeting held on June 7, 2024.

MILWAUKEE , June 10, 2024 /PRNewswire/ -- Ademi LLP is investigating Via Renewables (NASDAQ: VIA, VIAS) for possible breaches of fiduciary duty and other violations of law in its transaction with Keith Maxwell controlled Companies. Click here to learn how to join the investigation: https://www.ademilaw.com/case/renewables-inc or call Guri Ademi toll-free at 866-264-3995.

HOUSTON, TX / ACCESSWIRE / June 7, 2024 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA; VIASP), an independent retail energy services company, announced today that at its special meeting of shareholders held earlier today, the Company's shareholders voted, among other things, in favor of the proposals to: (i) approve the Agreement and Plan of Merger, dated as of December 29, 2023 (the "Merger Agreement"), by and among the Company, Retailco, LLC, a Texas limited liability company ("Parent"), and NuRetailco LLC, a Delaware limited liability company and wholly-owned subsidiary of Parent ("Merger Sub") (the "Merger Proposal"); and (ii) approve, by non-binding, advisory vote, compensation that may become payable to the Company's name executive officers in connection with the Merger (the "Compensation Proposal"). Capitalized terms used but not defined in this communication have the meanings given to them in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on March 28, 2024 under Regulation 14A of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

HOUSTON, TX / ACCESSWIRE / May 14, 2024 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA; VIASP), an independent retail energy services company, announced today that leading independent proxy advisory firms Institutional Shareholder Services, Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that the Company's shareholders vote "FOR" each of: (1) the approval of the Agreement and Plan of Merger, dated as of December 29, 2023 (the "Merger Agreement"), by and among the Company, Retailco, LLC, a Texas limited liability company ("Parent"), and NuRetailco LLC, a Delaware limited liability company and wholly-owned subsidiary of Parent ("Merger Sub") (the "Merger Proposal"), pursuant to which Merger Sub would merge with and into the Company with the Company surviving the merger, following which all of the issued and outstanding shares of the Company's Class A common stock, par value $0.01 per share (the "Class A Common Stock"), would be acquired by Parent for $11.00 per share in cash (except for the shares of Class A Common Stock held or beneficially owned by (i) (a) the Company or any subsidiary of the Company, or (b) William Keith Maxwell, III and any person or entity controlled by Mr. Maxwell, including Parent, Merger Sub and NuDevco Retail, LLC, and (ii) any holder of record of Class A Common Stock who did not vote in favor of the Merger Proposal and is entitled to demand and validly demands appraisal of such shares of Class A Common Stock pursuant to, and complies in all respects with, Section 262 of the General Corporation Law of the State of Delaware; and (2) the approval, on a non-binding, advisory basis, of the compensation that may become payable to the Company's named executive officers in connection with the Merger.

Via Renewables, Inc. (NASDAQ:VIA ) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Stephen Rabalais - Investor Relations Keith Maxwell - Chief Executive Officer & Chairman of the Board of Directors Mike Barajas - Chief Financial Officer Stephen Rabalais Good morning, and welcome to Via Renewables' First Quarter 2024 Earnings Call. This call is also being broadcast via webcast, which can be located in the Investor Relations section of our website at viarenewables.com.

HOUSTON, TX / ACCESSWIRE / May 1, 2024 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, today reported financial results for the quarter ended March 31, 2024. Key Highlights Achieved $19.1 million in Net Income and $15.1 million in Adjusted EBITDA for the first quarter Achieved $45.1 million in Gross Profit and $35.7 million in Retail Gross Margin for the first quarter Total RCE count of 338,000 as of March 31, 2024, up from 335,000 as of December 31, 2023 Average monthly attrition of 3.9% "In the first quarter commodity prices remained relatively stable and we experienced milder than normal weather.

HOUSTON, TX / ACCESSWIRE / April 22, 2024 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA), an independent retail energy services company, announced today that it plans to present its first quarter 2024 financial results in a conference call and webcast on Thursday, May 2, 2024 at 10:00 AM Central (11:00 AM Eastern). A live webcast of the conference call can be accessed from the Events & Presentations page of the Via Renewables Investor Relations website at ViaRenewables.com.

HOUSTON, TX / ACCESSWIRE / April 17, 2024 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, announced today that, in accordance with the terms of the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") of the Company, the Board of Directors has declared a quarterly cash dividend in the amount of $0.76051 per share on the Series A Preferred Stock. The dividend will be paid on July 15, 2024 to holders of record of Via Renewables' Series A Preferred Stock on July 1, 2024.

Via Renewables, Inc. (VIA) Q4 2023 Earnings Call Transcript

HOUSTON, TX / ACCESSWIRE / February 28, 2024 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, today reported financial results for the year ended December 31, 2023. Key Business Highlights Recorded $(0.9) million in Net Loss and $13.3 million in Adjusted EBITDA for the fourth quarter Achieved $25.4 million in Gross Profit and $33.7 million in Retail Gross Margin for the fourth quarter Achieved $26.1 million in Net Income and $56.9 million in Adjusted EBITDA for the year ended 2023 Achieved $124.4 million in Gross Profit and $136.7 million in Retail Gross Margin for the year ended 2023 Average monthly attrition of 3.4% Total liquidity of $116.0 million as of December 31, 2023 "We finished the year with higher Net Income and Adjusted EBITDA compared to the prior year due to favorable market conditions.