{"success":true,"data":{"pressRelease":{"id":"3338","rtpr_id":"nGNXHmlKb","ticker":"NAVN","exchange":"NASDAQ","all_tickers":["NAVN"],"title":"Deadline Alert: Navan, Inc. (NAVN) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit","author":"Globe Newswire","published_at":"2026-04-21T16:55:55.094Z","article_body":"LOS ANGELES, April 21, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter\nLLP\n(https://www.globenewswire.com/Tracker?data=qZ7PW2aVHvZPJKBGHPTgwQeYkWmTob7XjRa4uBj5pt2AfgwfHtGjY0b1T6XgcHOP7Nvik0JUl2xdUio3--Ri5OGQRQjlBLUNPpF6OD9-tC3b9O3Gnksu-al5Q_YdtY1g)\nreminds investors of the upcoming April 24, 2026 deadline to file a lead\nplaintiff motion in the class action filed on behalf of investors who\npurchased or otherwise acquired Navan, Inc. (“Navan” or the “Company”)\n(NASDAQ: NAVN\n(https://www.globenewswire.com/Tracker?data=9BItRCcT25tosLZDOO8UVuP6gKO1WDm3vyoCP9Q8LOAHs5xTDkxzqmfkpLgDcs0RhDXKLFlEbYojUeWFE3niZGPv-tmUDf-9M1gs7LHgUk0=))\ncommon stock pursuant and/or traceable to the Registration Statement issued in\nconnection with the Company’s October 31, 2025 initial public offering (the\n“IPO” or the “Offering”).\n\nIF YOU SUFFERED A LOSS ON YOUR NAVAN INVESTMENTS, CLICK HERE\n(https://www.globenewswire.com/Tracker?data=4VynWRKxgsAqlthXBzwx7aGyybTRlT_VLYl3mpgXa9faLa8IgJ6MUzq5MAob2ms1DI7bB9_PzJRQnJ6xyjs0xDrakUqerSln4QZXDGoTn1w=)\nTO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE\nFEDERAL SECURITIES LAWS.\n\nWhat Happened? \nOn or about October 31, 2025, Navan conducted its IPO, selling approximately\n36.9 million shares at $25.00 per share.\n\nOn December 15, 2025, Navan released its third quarter fiscal 2026 financial\nresults, revealing that it increased its sales and marketing expenses to\nnearly $95 million, a 39% increase from its $68.5 million sales and marketing\nexpenses in the previous quarter.\n\nThe Company also announced that its CFO was stepping down, effective\nimmediately, just six weeks after the IPO.\n\nOn this news, Navan’s stock price fell $1.74, or 11.9%, to close at $12.90\nper share on December 16, 2025, thereby injuring investors.\n\nAs of the filing of this case, the Company’s stock has continued to fall,\ntrading as low as $9.20 per share, over 63% below its $25 IPO price.\n\nWhat Is The Lawsuit About? \nThe complaint filed in this class action alleges that the Registration\nStatement made materially false and/or misleading statements, as well as\nfailed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (1) at the time of the IPO, the Company had increased its\n“sales and marketing” expenses by 39% for the quarter ending October 31,\n2025 ($95 million) to sustain its revenue, Gross Booking Volume, and usage\nyield growth; and (2) as a result, Defendants’ positive statements about the\nCompany’s business, operations, and prospects were materially misleading\nand/or lacked a reasonable basis at all relevant times.\n\nIf you purchased or otherwise acquired Navan common stock pursuant and/or\ntraceable to the IPO, you may move the Court no later than April 24, 2026 to\nrequest appointment as lead plaintiff in this putative class action lawsuit.\n\nContact Us To Participate or Learn More: \nIf you wish to learn more about this action, or if you have any questions\nconcerning this announcement or your rights or interests with respect to these\nmatters, please contact us: \nCharles Linehan, Esq., \nGlancy Prongay Wolke & Rotter LLP,\n1925 Century Park East, Suite 2100, \nLos Angeles California 90067 \nEmail:  shareholders@glancylaw.com \nTelephone: 310-201-9150, \nToll-Free: 888-773-9224 \nVisit our website at www.glancylaw.com. \nFollow us for updates on LinkedIn\n(https://www.globenewswire.com/Tracker?data=F_laFi7r7fp6TFHmbtpWB8HRb5-6Vq0CqGKCK6w1s4JN9ovkPVB8PSNmLoo3DB21tstyI8pLHoB5dxVhuG9t62dMHa3h6kJwbskejNTU0frXUd0wgabmLiXoubF60Hoe),\nTwitter\n(https://www.globenewswire.com/Tracker?data=BGwWlyqw4-fH88SXh5NuuHWE5WXD3nsfD55kG-hEn7CH-yH3-_MWL24KVRBdXGRXip4Q3vyVKC_gpDZ2_spMWw==),\nor Facebook\n(https://www.globenewswire.com/Tracker?data=FOmuV7eI_DYQwVa7cVSSULhn6z5uEjWEy6TDAqmFSLPMRd4Asmu6-s6mZdwEU6s-HVseqX9ob-Y0tO70YK7bYqcKDCD4d-UEIuowcnKcl3o=).\n\nIf you inquire by email, please include your mailing address, telephone number\nand number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action. This press release may be considered Attorney\nAdvertising in some jurisdictions under the applicable law and ethical rules.\n\nContact Us: \nGlancy Prongay Wolke & Rotter LLP, \n1925 Century Park East, Suite 2100\nLos Angeles, CA 90067 \nCharles Linehan\nEmail:  shareholders@glancylaw.com \nTelephone: 310-201-9150\nToll-Free: 888-773-9224 \nVisit our website at: www.glancylaw.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a67368e9-bc06-4c5b-a902-dd2d9af3e4f0)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXHmlKb","title":"Deadline Alert: Navan, Inc. (NAVN) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit","author":"Globe Newswire","ticker":"NAVN","created":"2026-04-21T16:55:55.094Z","tickers":["NAVN"],"exchange":"NASDAQ","article_body":"LOS ANGELES, April 21, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter\nLLP\n(https://www.globenewswire.com/Tracker?data=qZ7PW2aVHvZPJKBGHPTgwQeYkWmTob7XjRa4uBj5pt2AfgwfHtGjY0b1T6XgcHOP7Nvik0JUl2xdUio3--Ri5OGQRQjlBLUNPpF6OD9-tC3b9O3Gnksu-al5Q_YdtY1g)\nreminds investors of the upcoming April 24, 2026 deadline to file a lead\nplaintiff motion in the class action filed on behalf of investors who\npurchased or otherwise acquired Navan, Inc. (“Navan” or the “Company”)\n(NASDAQ: NAVN\n(https://www.globenewswire.com/Tracker?data=9BItRCcT25tosLZDOO8UVuP6gKO1WDm3vyoCP9Q8LOAHs5xTDkxzqmfkpLgDcs0RhDXKLFlEbYojUeWFE3niZGPv-tmUDf-9M1gs7LHgUk0=))\ncommon stock pursuant and/or traceable to the Registration Statement issued in\nconnection with the Company’s October 31, 2025 initial public offering (the\n“IPO” or the “Offering”).\n\nIF YOU SUFFERED A LOSS ON YOUR NAVAN INVESTMENTS, CLICK HERE\n(https://www.globenewswire.com/Tracker?data=4VynWRKxgsAqlthXBzwx7aGyybTRlT_VLYl3mpgXa9faLa8IgJ6MUzq5MAob2ms1DI7bB9_PzJRQnJ6xyjs0xDrakUqerSln4QZXDGoTn1w=)\nTO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE\nFEDERAL SECURITIES LAWS.\n\nWhat Happened? \nOn or about October 31, 2025, Navan conducted its IPO, selling approximately\n36.9 million shares at $25.00 per share.\n\nOn December 15, 2025, Navan released its third quarter fiscal 2026 financial\nresults, revealing that it increased its sales and marketing expenses to\nnearly $95 million, a 39% increase from its $68.5 million sales and marketing\nexpenses in the previous quarter.\n\nThe Company also announced that its CFO was stepping down, effective\nimmediately, just six weeks after the IPO.\n\nOn this news, Navan’s stock price fell $1.74, or 11.9%, to close at $12.90\nper share on December 16, 2025, thereby injuring investors.\n\nAs of the filing of this case, the Company’s stock has continued to fall,\ntrading as low as $9.20 per share, over 63% below its $25 IPO price.\n\nWhat Is The Lawsuit About? \nThe complaint filed in this class action alleges that the Registration\nStatement made materially false and/or misleading statements, as well as\nfailed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\ninvestors that: (1) at the time of the IPO, the Company had increased its\n“sales and marketing” expenses by 39% for the quarter ending October 31,\n2025 ($95 million) to sustain its revenue, Gross Booking Volume, and usage\nyield growth; and (2) as a result, Defendants’ positive statements about the\nCompany’s business, operations, and prospects were materially misleading\nand/or lacked a reasonable basis at all relevant times.\n\nIf you purchased or otherwise acquired Navan common stock pursuant and/or\ntraceable to the IPO, you may move the Court no later than April 24, 2026 to\nrequest appointment as lead plaintiff in this putative class action lawsuit.\n\nContact Us To Participate or Learn More: \nIf you wish to learn more about this action, or if you have any questions\nconcerning this announcement or your rights or interests with respect to these\nmatters, please contact us: \nCharles Linehan, Esq., \nGlancy Prongay Wolke & Rotter LLP,\n1925 Century Park East, Suite 2100, \nLos Angeles California 90067 \nEmail:  shareholders@glancylaw.com \nTelephone: 310-201-9150, \nToll-Free: 888-773-9224 \nVisit our website at www.glancylaw.com. \nFollow us for updates on LinkedIn\n(https://www.globenewswire.com/Tracker?data=F_laFi7r7fp6TFHmbtpWB8HRb5-6Vq0CqGKCK6w1s4JN9ovkPVB8PSNmLoo3DB21tstyI8pLHoB5dxVhuG9t62dMHa3h6kJwbskejNTU0frXUd0wgabmLiXoubF60Hoe),\nTwitter\n(https://www.globenewswire.com/Tracker?data=BGwWlyqw4-fH88SXh5NuuHWE5WXD3nsfD55kG-hEn7CH-yH3-_MWL24KVRBdXGRXip4Q3vyVKC_gpDZ2_spMWw==),\nor Facebook\n(https://www.globenewswire.com/Tracker?data=FOmuV7eI_DYQwVa7cVSSULhn6z5uEjWEy6TDAqmFSLPMRd4Asmu6-s6mZdwEU6s-HVseqX9ob-Y0tO70YK7bYqcKDCD4d-UEIuowcnKcl3o=).\n\nIf you inquire by email, please include your mailing address, telephone number\nand number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action. This press release may be considered Attorney\nAdvertising in some jurisdictions under the applicable law and ethical rules.\n\nContact Us: \nGlancy Prongay Wolke & Rotter LLP, \n1925 Century Park East, Suite 2100\nLos Angeles, CA 90067 \nCharles Linehan\nEmail:  shareholders@glancylaw.com \nTelephone: 310-201-9150\nToll-Free: 888-773-9224 \nVisit our website at: www.glancylaw.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a67368e9-bc06-4c5b-a902-dd2d9af3e4f0)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-04-21T16:55:55.135426058Z","server_sent_at_ms":1776790555135},"received_at":"2026-04-21T16:55:55.191Z","source_url":"https://www.globenewswire.com/news-release/2026/04/21/3278304/0/en/deadline-alert-navan-inc-navn-shareholders-who-lost-money-urged-to-contact-glancy-prongay-wolke-rotter-llp-about-securities-fraud-lawsuit.html"},"analysis":{"id":"2239","press_release_id":"3338","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":["Securities fraud class action filed regarding IPO registration statement","CFO resigned effective immediately just six weeks after IPO","Sales and marketing expenses increased 39% quarter-over-quarter to sustain growth"],"eventType":"legal_litigation","narrative":"Investors are reminded of an April 24 deadline to file a lead plaintiff motion in a class action lawsuit against Navan regarding alleged securities fraud tied to its October 2025 IPO.\n\nThe complaint alleges the Registration Statement was misleading by failing to disclose a 39% surge in sales and marketing expenses to $95 million required to sustain growth.\n\nThe lawsuit follows the sudden resignation of the CFO in December and a subsequent stock drop of over 63% from the IPO price.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Post-IPO fraud suit alleges hidden 39% expense surge; stock down >60%."},"keyFigures":{"offeringPrice":25,"sharesOffered":"36.9 million","customDimensions":{"stock_decline_from_ipo":">63%","sales_marketing_expenses_q3":"$95 million","sales_marketing_expenses_prior_qtr":"$68.5 million"}},"quotedText":"The complaint filed in this class action alleges that the Registration Statement made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.","namedEntities":{"people":[{"name":"Charles Linehan","role":"Attorney"}],"products":[],"companies":[{"name":"Navan, Inc.","ticker":"NAVN"},{"name":"Glancy Prongay Wolke & Rotter LLP","relationship":"plaintiff counsel"}],"dollarAmounts":[{"amount":"$25.00 per share","context":"IPO offering price"},{"amount":"$95 million","context":"Q3 sales and marketing expenses"},{"amount":"$68.5 million","context":"previous quarter sales and marketing expenses"},{"amount":"$1.74","context":"stock price drop on December 16, 2025"}]},"materialImpact":{"score":4,"reasoning":"Securities fraud class action alleges the IPO registration statement was misleading regarding a material surge in expenses. 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