The Law Offices of Frank R. Cruz announces an investigation of Via Transportation, Inc. (“Via” or the “Company”) (NYSE: VIA) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
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, Via’s stock price fell $0.49, or 2.6%, to close at $18.51 per share on March 10, 2026, thereby injuring investors.  Further, the stock closed down 59.7% from its IPO price of $46 per share.