Via Renewables 8.75% Series A Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Stock
Name changed to Via Renewables (from Spark Energy) as of 8/10/2021 with resultant ticker changes
Issue has been reopened as of 1/24/2018 with an additional 2 million shares offered plus 250,000 shares for overallotment.
On and after April 15, 2022 (the “Floating Rate Period”), dividends on the Series A Preferred Stock shall accrue at an annual rate equal to the sum of (a) Three-Month LIBOR (as defined below) as calculated on each applicable Date of Determination (as defined below) and (b) 6.578%, based on the $25.00 liquidation preference per share of Series A Preferred Stock (the “Floating Dividend Rate”).
The company has reopened this issue and there are now 3.6 million shares outstanding