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Press Release
hsmith@howardsmithlaw.comThis investigation is for anyone who acquired securities in Via Transportation, Inc. (NYSE: VIA) prior to March 10, 2026.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, in the Prospectus to the Company’s IPO, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company made money on its software when the Company actually derives its revenue predominantly as a transit provider.
On March 10, 2026, Bleeker Street Research published a report alleging, among other things, that Via’s September 2025 IPO “narrative centers on the idea that it is a software platform” but that the Company is actually “a transit services contractor whose revenue is determined almost entirely by driver hours, vehicle hours, and operational labor, not by software licenses or platform usage.” The report further alleges “VIA routinely books large implementation fees and up to 18 months of software charges upfront, inflating ARR.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Via Transportation, Inc. (NYSE: VIA) prior to March 10, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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