Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 270

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 270
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 Navan shall be less than the greater of (i) $100,000,000, (ii) Navan average monthly burn during the most recently ended period of three calendar months and (iii) the dollar minimum for any minimum liquidity or unrestricted cash or similar covenant set forth in any comparable transaction. Certain Other Covenants and Events of Default Our Warehouse Credit Facility contains a number of other covenants that, among other things and subject to certain exceptions, restrict the ability of SPV Borrower to: • incur additional indebtedness; • create liens; • consolidate or merge; • sell assets; • pay dividends its equity interests; • engage in transactions with our affiliates; and • amend credit and collection policies. The credit agreement governing our Warehouse Credit Facility contains customary events of default, including payment defaults, failure to perform or observe covenants, cross-defaults with certain other indebtedness, and a change of control, among others. 201 DESCRIPTION OF CAPITAL STOCK General The following description summarizes the most important terms of our capital stock, as they will be in effect following this offering. Because it is only a summary, it does not contain all the information that may be important to you. We expect to adopt an amended and restated certificate of incorporation and amended and restated bylaws that will become effective immediately prior to the completion of this offering, and this description summarizes provisions that are expected to be included in these documents. For a complete description, you should refer to our amended and restated certificate of incorporation, amended and restated bylaws, and our IRA, which are included as exhibits to the registration statement of which this prospectus forms a part, and to the applicable provisions of Delaware law. Upon the completion of this offering, our authorized capital stock will consist of shares of our Class A common stock, $0.00000625 par value per share, shares of our Class B common stock, $0.00000625 par value per share, and shares of undesignated preferred stock, $0.00000625 par value per share. Assuming the occurrence of the Capital Stock Conversion, the Note Conversion, the SAFE Conversion, and the RSU Net Settlement, there were outstanding: • shares of our Class A common stock, held by stockholders of record; • shares of our Class B common stock, held by stockholders of record; • shares of our Class A common stock issuable upon the exercise of stock options, of which shares will be exchangeable for an equal number of shares of Class B common stock