Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 363

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 363
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 | 146,360,207 |
| Stock options issued and outstanding.................................................................                 |        40,971,097 |     |  41,769,970 |
| RSUs issued and outstanding...............................................................................            |         4,653,847 |     |     948,938 |
| Warrants to purchase redeemable convertible preferred stock......................                                     |            40,160 |     |      40,160 |
| Shares of common stock subject to repurchase................................................                          |            49,761 |     |     133,332 |
| Convertible notes.................................................................................................... |        12,946,170 |     |  13,980,833 |
| Total antidilutive securities....................................................................................     |       205,021,242 |     | 203,233,440 |

NOTE 16 – SUBSEQUENT EVENTS During the three months ended April 30, 2025, we issued a term loan and common stock warrants in exchange for cash proceeds of $130.0 million, and also executed Simple Agreements for Future Equity (“SAFEs”) and common stock warrants in exchange for total proceeds of $155.0 million. We also settled the 2022 Promissory Note for a cash payment of $198.1 million. We are in the process of evaluating the accounting impact of these transactions. During the three months ended April 30, 2025, we amended the Warehouse Credit Facility to extend the maturity date to February 2028. We also repaid the Trade Loan Facility, and executed a new revolving line of credit with Citibank. The new revolving line of credit has a borrowing limit of $100.0

F-43 NAVAN, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements million, and a term through March 2028. We are in the process of evaluating the accounting impact of these transactions. Subsequent events have been evaluated through April 30, 2025, the date the consolidated financial statements were available to be issued. Events Subsequent to Original Issuance of Financial Statements (Unaudited) The Company evaluated subsequent events through July 25, 2025, the date these consolidated financial statements were available to be reissued. Since February 1, 2025 and through the date these consolidated financial statements were available to be reissued, we granted 2,574,917 stock option s that vest over four years based on service-only conditions. We also granted