Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 129

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 129
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,716,993 |     | -1,918,466 |     |              -1,938,281 |
| Total stockholders’ (deficit) equity..............................................                                                                                                                                                                                                                                                                                      |                                     -1,208,451 |     |    503,637 |     |               1,197,181 |
| Total capitalization..................................................................                                                                                                                                                                                                                                                                                  |                                       $820,740 |     |   $803,411 |     |              $1,379,855 |

_______________ (1) Each $1.00 increase (decrease) in 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, would increase (decrease) our pro forma as adjusted cash and cash equivalents, additional paid-in capital, total stockholders’ (deficit) equity, and total capitalization by $28.3 million, assuming that the number of shares offered by us, as set forth on the

87 cover page of this prospectus, remains the same and after deducting the underwriting discounts and commissions, and without giving effect to corresponding increases or decreases in accumulated deficit from changes in the fair value of the Note Conversion Shares, the SAFE Conversion Shares, the redeemable convertible preferred warrants, and the SAFE Warrants as well as corresponding increases or decreases in total stockholders’ (deficit) equity from changes to Class A common stock and additional paid-in capital from the Warrant Exercises. Similarly, each increase (decrease) of 1.0 million shares in the number of shares of our Class A common stock offered by us would increase (decrease) the amount of our pro forma as adjusted cash and cash equivalents, additional paid-in capital, total stockholders’ (deficit) equity, and total capitalization by $23.6 million, assuming that the assumed initial public offering price remains the same, and after deducting the underwriting discounts and commissions. If the underwriters’ option to purchase additional shares is exercised in full, the pro forma as adjusted amount of each of cash and cash equivalents, additional paid-in capital, total stockholders’ (deficit) equity, and total capitalization would increase by $130.6 million, and after deducting underwriting discounts and commissions, and we would have 238,475,879 shares of our Class A common stock and 15,304,696 shares of our Class B common stock issued and outstanding. Pro forma adjustments in the foot