Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 27

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 27
---
 |     |           1,301,121 |     |              |     |                            |
| Additional paid-in capital...........................................................           |     |             522,555 |     |              |     |                            |
| Accumulated deficit...................................................................          |     |          -1,716,993 |     |              |     |                            |
| Total stockholders’ (deficit) equity...........................................                 |     |          -1,208,451 |     |              |     |                            |

_______________ (1) The pro forma column above reflects (i) the automatic conversion of all outstanding shares of our redeemable convertible preferred stock outstanding as of July 31, 2025, into shares of our Class A common stock in connection with the completion of this offering pursuant to the terms of our amended and restated certificate of incorporation in the Capital Stock Conversion , (ii) the conversion of the aggregate initial investment amount of the Convertible Notes, including accrued and unpaid yield, into shares of our Class A common stock, based upon (A) the assumed initial public offering price of $ per share, which is the midpoint of the offering price range set forth on the cover page of this prospectus, and (B) an assumed closing date of this offering of , 2025, including the reclassification of the embedded derivative liability related to the Convertible Notes to additional paid-in capital, (iii) the conversion of the aggregate principal and accrued and unpaid interest on the outstanding SAFEs into shares of our Class A common stock, based upon (A) the assumed initial public offering price of $ per share, which is the midpoint of the offering price range set forth on the cover page of this prospectus, which we refer to as the SAFE Conversion, and (B) an assumed closing date of this offering of , 2025, (iv) the automatic conversion of the redeemable convertible preferred stock warrant to a Class A common stock warrant, and the resulting remeasurement and assumed reclassification of the redeemable convertible preferred stock warrant liability to additional paid-in capital, (v) stock-based compensation expense of $ million related to RSUs subject to the RSU Net Settlement, reflected as an increase to additional paid-in capital and accumulated deficit, as further described in Note 10, “Equity Incentive Plan” of our consolidated financial statements included elsewhere in this prospectus, (vi) the net issuance of shares of Class A common stock in connection with the RSU Net Settlement, after withholding shares to satisfy estimated