Via Transportation investors face August 10, 2026 lead plaintiff deadline in IPO securities class action

Investors who purchased Via Transportation, Inc. common stock pursuant and/or traceable to the company’s September 15, 2025 initial public offering have until August 10, 2026 to seek appointment as lead plaintiff in a proposed securities class action pending in the U.S. District Court for the Southern District of New York, captioned Garlesky v. Via Transportation, Inc., No. 26-cv-04870. The complaint alleges the IPO offering documents were materially false or misleading because Via was adding customers faster than those customers were generating revenue, causing a decline in Platform Annual Run-Rate Revenue per customer, and because existing regulatory issues would hinder its “land and expand” strategy in Germany. According to the complaint, Via sold 10,714,285 shares in the IPO at $46.00 each, and the stock later fell nearly 13% on November 13, 2025, nearly 8% on February 27, 2026, and another 17% on May 12, 2026 after disclosures tied to customer economics and Germany headwinds; by then, the shares had closed nearly 70% below the IPO price. A separate July 10, 2026 notice from Grabar Law Office said shareholders who bought Via shares on or shortly after the IPO and still hold them may also seek corporate reforms and other remedies related to the same allegations.