Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 34

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 34
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31, 2025 and an increase to additional paid-in capital of $0.9 million ; • the Warrant Determination for the SAFE Warrants upon the completion of this offering, resulting in (A) the revaluation of the SAFE Warrants through, but excluding, November 3, 2025 , the assumed completion date of this offering, based on 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, resulting in the common stock warrant liability as of July 31, 2025 decreasing by $0.8 million to $30.4 million and reflected as a $0.8 million decrease in accumulated deficit, and (B) the reclassification of the revalued common stock warrant liability through, but excluding, November 3, 2025 , the assumed completion date of this offering, reflected as the elimination of the common stock warrant liability of $31.2 million and a corresponding $30.4 million increase to additional paid-in capital; • the issuance of 1,702,289 shares of our Class A common stock in connection with the Warrant Exercises (based on the assumed initial public offering price of $25.00 per share, the midpoint of the price range set forth on the cover page of this prospectus) following the Warrant Determination for the SAFE Warrants, resulting in an increase of less than $0.1 million in cash and cash equivalents as well a corresponding increase of less than $0.1 million in Class A common stock and additional paid-in capital; • the vesting as of the date of this prospectus and related settlement of the IPO Vesting RSUs, including those RSUs subject to the RSU Net Settlement, in connection with this offering, resulting in (A) recognition of stock-based compensation expense of $81.1 million, reflected as an increase to additional paid-in capital and accumulated deficit; (B) the net issuance of 948,970 shares of Class A common stock upon settlement of the IPO Vesting RSUs, including in connection with the RSU Net Settlement, after withholding 694,607 shares to satisfy estimated tax withholding and remittance obligations of $17.4 million, based on (A) the assumed initial public offering price of $25.00 per share, the midpoint of the price range set forth on the cover page of this prospectus, and (B) an assumed 44% tax withholding rate; and