The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Via Transportation, Inc. (“Via Transportation” or the “Company”) (NYSE: VIA) securities during the period from September 9, 2025 through June 9, 2026.

If you suffered a loss on your Via Transportation investments, you have until August 10, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

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What Is This Lawsuit About? The lawsuit alleges that the offering documents used for Via Transportation’s September 2025 IPO were false and misleading and omitted to state that, at the time of the IPO, the Company’s growth had already begun to encounter obstacles because of the Company’s declining Platform Annual Run-Rate Revenue (“ARR”) and inability to grow in Germany.

On September 12, 2025, Via Transportation sold 10.7 million shares at $46 per share in an IPO.

On November 13, 2025, Via Transportation reported its earnings for Q3 2025 (ended September 30, 2025). On the earnings call, the Company announced that the ARR per customer declined for the first time in eight quarters. The Company stated that the “[i]n Q3, we tend to have universities, schools, corporate contracts, that have lower volumes during the summer … that slight seasonality drives lower ARR per customer in Q3. And then the growth in our schools business, where we saw a significant increase in the number of customers and the schools product is relatively new. These customers launched their services in Q3, coinciding with the start of the academic year and, therefore, contributed to more limited revenue in that quarter. So that drove the slight decline in ARR per customer.” On this news, the price of Via Transportation shares declined by $7.36 per share, or approximately 15%, from $50.50 per share on November 12, 2025 to close at $43.14 on November 13, 2025.

On February 27, 2026, Via Transportation reported its earnings for Q4 2025 and FY2025. On the earnings call, the Company announced that it was “facing some headwinds … in Germany” regarding the adoption of the entire platform after having successfully introduced microtransit into the market. The Company stated that “the European [regulatory] structure is just proving to take longer than we would have liked, certainly and longer than it took in the U.S. So in Germany, we’re just at this interim phase … for [broader adoption of the platform] to happen, it requires our customers to change their network to reduce certain fixed routes, replace them with microtransit, combine services that have previously been siloed … with the regulatory environment in Europe, it is just proving to be a longer process.” On this news, the price of Via Transportation shares declined by $1.40 per share, or approximately 8%, from $18.58 per share on February 26, 2026 to close at $17.18 on February 27, 2026.

On May 12, 2026, Via Transportation reported its earnings for Q1 2026. On the earnings call, the Company stated that, “we continue to face headwinds in Germany as our customers continue to navigate a sustained constrained budgetary environment … [d]espite the headwinds, I think we’ve had really nice results this quarter and [] continue to be very positive about the year overall. In Germany, we have not yet been able to crack it beyond the microtransit vertical … unfortunately, the agencies they are still treating microtransit as in a silo as a separate service. We’re pretty confident that this is a temporary situation.” On this news, the price of Via Transportation shares declined by $2.81 per share, or approximately 17%, from $16.93 per share on May 11, 2026 to close at $14.12 on May 12, 2026.

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The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

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What Should I Do? If you purchased or otherwise acquired Via Transportation securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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