Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Via Transportation, Inc. (“Via” or the “Company”) (NYSE: VIA) common stock pursuant and/or traceable to the Company’s September 2025 initial public offering (the “IPO”). Via investors have until August 10, 2026 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN VIA TRANSPORTATION, INC. (VIA), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On September 15, 2025, Via conducted its IPO, selling 10,714,285 shares of common stock at $46.00 per share.
On November 13, 2025, Via released its third quarter 2025 financial results and disclosed that the Annual Run-Rate Revenue (“ARR”) per customer declined for the first time in eight quarters due to “normal seasonality patterns of . . . existing contracts.”
On this news, Via’s stock price fell $7.36, or 14.6%, to close at $43.14 per share on November 13, 2025, thereby injuring investors.
Then, on February 27, 2026, Via released its fourth quarter and full year 2025 financial results, disclosing that the Company was “facing some headwinds . . . in Germany.” Specifically, “the regulatory environment in Europe, [was] just proving to be a longer process.”
On this news, Via’s stock price fell $1.40, or 7.5%, to close at $17.18 per share on February 27, 2026.
Then, on May 12, 2026, Via released its first quarter 2026 financial results and stated that the Company “continue[s] to face headwinds in Germany as [its] customers continue to navigate a sustained constrained budgetary environment.”
On this news, Via’s stock price fell $2.81, or 16.6%, to close at $14.12 per share on May 12, 2026, nearly 70% below the IPO price.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s ARR per customer was declining and that existing regulatory issues would hinder its “land and expand” strategy in Germany; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you purchased Via securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260611346448/en/
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
