Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 36

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 36
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 decrease in notes payable, non-current of $117.1 million (and a corresponding decrease in long-term debt in the table above), (B) the recognition of $4.3 million of incremental interest expense accrued under the Vista Facility and incremental amortization of debt discount and issuance costs following July 31, 2025 through the closing date of this offering, reflected as an increase in accumulated deficit, (C) a net increase in accrued cash interest of $0.1 million, reflected as an increase in current liabilities , and (D) the recognition of a $15.5 million loss on extinguishment of the Vista Facility, reflected as a further increase in accumulated deficit equal to $15.5 million, which represents the repayment amount inclusive of estimated legal fees of $0.2 million, less $118.2 million, the adjusted carrying amount of the Vista Facility, consisting of the carrying amount of $117.1 million as of July 31, 2025, as adjusted for $0.5 million of accrued interest and $0.6 million in amortization of debt discount and issuance costs following July 31, 2025 through the closing date of this offering. (3) 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) the amount of our pro forma as adjusted cash and cash equivalents, working capital, total assets, and total stockholders’ (deficit) equity by $28.3 million, assuming that the number of shares of our Class A common stock offered by us, as set forth on the cover page of this prospectus, remains the same, after deducting 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. An increase (decrease) of 1.0 million shares in the number of shares offered by us would increase (decrease), as applicable, the amount of our pro forma as adjusted cash and cash equivalents, working capital, total assets, and total stockholders’ (deficit) equity by $23.6 million