Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 35

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 35
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 (C) the $17.4 million increase in liabilities and corresponding decrease in additional paid-in capital resulting from the share withholding for the tax withholding and remittance obligations related to the RSU Net Settlement; and • the filing and effectiveness of our amended and restated certificate of incorporation, which will occur immediately prior to the completion of this offering. (2) The pro forma as adjusted column above gives effect to: • the pro forma adjustments set forth above; 23 • the sale and issuance by us of 30,000,000 shares of our Class A common stock in this offering, based upon the assumed initial public offering price of $25.00 per share, which is the midpoint of the offering price range set forth on the cover page of this prospectus, and our receipt of $700.4 million in estimated net proceeds from the offering after deducting underwriting discounts and commissions and estimated offering expenses (which offering expenses deduction excludes $0.8 million of deferred offering costs that have been previously paid as of July 31, 2025 but includes $2.6 million of deferred offering costs accrued and unpaid as of July 31, 2025); • the elimination of $3.4 million of deferred offering costs, of which $0.8 million have been paid as of July 31, 2025 and $2.6 million were accrued and unpaid as of July 31, 2025, reflected as a decrease in other assets of $3.4 million, a decrease in current liabilities of $2.6 million, a nd a decrease in additional paid-in capital of $8.0 million; • the exercise of stock options for 1,975,677 shares of Class A common stock by certain selling stockholders in connection with the Option Cash Exercise, reflected as a $13.7 million increase in cash and cash equivalents and a corresponding increase in common stock and additional paid-in capital; and • the use of net proceeds from this offering, together with existing cash and cash equivalents, if necessary, to (A) satisfy the estimated tax withholding and remittance obligations related to the RSU Net Settlement as reflected in the pro forma adjustments described in the preceding footnote and (B) repay $136.8 million in outstanding loans, including accrued and unpaid interest and estimated lenders’ legal fees, under, and terminate the Vista Facility in connection with the completion of this offering (which cash amount includes $3.0 million of cash interest previously paid in August 2025), resulting in (A) a