Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 301

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 301
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 underwriters and their respective affiliates have provided, and may in the future provide, a variety of these services to us and to persons and entities with relationships with us, for which they received or will receive customary fees and 224 expenses. Goldman Sachs Bank USA, an affiliate of Goldman Sachs & Co. LLC, is the administrative agent and a lender under the Warehouse Credit Agreement. Citibank, an affiliate of Citigroup Global Markets Inc., is the administrative agent and a lender under the ABL Facility. In addition, affiliates of BNP Paribas Securities Corp. and Citizens JMP Securities, LLC are lenders under the ABL Facility. Certain of the underwriters and their respective affiliates are our customers or have been customers from time to time and may be customers in the future in arm’s length transactions on market competitive terms. In the ordinary course of their various business activities, the underwriters and their respective affiliates, officers, directors, and employees may purchase, sell, or hold a broad array of investments and actively trade securities, derivatives, loans, commodities, currencies, credit default swaps, and other financial instruments for their own account and for the accounts of their customers, and such investment and trading activities may involve or relate to our assets, securities, and/or instruments (directly, as collateral securing other obligations or otherwise) and/or persons and entities with relationships with us. The underwriters and their respective affiliates may also communicate independent investment recommendations, market color, or trading ideas and/or publish or express independent research views in respect of such assets, securities, or instruments and may at any time hold, or recommend to clients that they should acquire, long and/or short positions in such assets, securities, and instruments. Participation in Our Initial Public Offering In connection with our Series G and Series G-1 redeemable convertible preferred stock financing and our Series F redeemable convertible preferred stock financing, we entered into allocation agreements with an affiliated entity of Premji Invest and an affiliated entity of Greenoaks Capital Partners, respectively. Under these agreements, we agreed to use reasonable efforts to provide each of Premji Invest and Greenoaks Capital Partners with the right, but not the obligation, to purchase at the initial public offering price up to 5% of the shares sold in this offering. At our election, Premji Invest’s purchase may be made either through an allocation by the underwriters in this offering or in a concurrent private placement, while Greenoaks Capital Partners’ purchase may be made only through an allocation by the underwriters. Shares purchased by Premji Invest