Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 282

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 282
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 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. 206 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 2,000,000,000 shares of our Class A common stock, $0.00000625 par value per share, 50,000,000 shares of our Class B common stock, $0.00000625 par value per share, and 20,000,000 shares of undesignated preferred stock, $0.00000625 par value per share. Assuming the occurrence of the Capital Stock Conversion, the Class B Stock Exchange, the Note Conversion, the SAFE Conversion, and the Warrant Exercises, in each case as of July 31, 2025, there were outstanding: • 200,961,542 shares of our Class A common stock, held by 1,132 stockholders of record; • 15,304,696 shares of our Class B common stock, held by 10 stockholders of record; • 41,581,733 shares of our Class A common stock issuable upon the exercise of stock options, of which 8,611,649 shares will be exchangeable for an equal number of shares of Class B common stock at the election of our co-founders upon exercise; • 7,771,766 shares of our Class A common stock issuable upon the