Core Viewpoint - Rosen Law Firm is reminding former stockholders of Smartsheet Inc. about a class action lawsuit related to the January 2025 sale of Smartsheet to a consortium including Blackstone, Vista Equity Partners, and Platinum Falcon, with a lead plaintiff deadline set for February 24, 2026 [1]. Group 1: Class Action Details - Former Smartsheet stockholders may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 24, 2026 [3]. - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Smartsheet - The complaint alleges that Smartsheet's solicitation of stockholder approval for the Buyout involved a false and misleading Schedule 14A Proxy statement, which mischaracterized the company's financial performance [5]. - Defendants are accused of deliberately presenting Smartsheet's quarterly earnings negatively and emphasizing a fabricated financial metric to solicit approval for the Buyout [5].

Core Viewpoint - The Smartsheet class action lawsuit alleges that shareholders were misled during the acquisition process by Blackstone Inc., Vista Equity Partners Management, LLC, and the Abu Dhabi Investment Authority, resulting in an unfair cash price of $56.50 per share for Smartsheet common stock [3][4]. Group 1: Class Action Details - Shareholders who held Smartsheet securities as of October 25, 2024, can seek appointment as lead plaintiff in the class action lawsuit by February 24, 2026 [1]. - The lawsuit is titled Kara Eftimoglu v. Mader, No. 25-cv-02530 (W.D. Wash.) [1]. - The lawsuit claims that a misleading Schedule 14A Proxy statement was issued, which led to the approval of the Merger by Smartsheet's former shareholders [3]. Group 2: Allegations Against Smartsheet - The complaint alleges that Smartsheet's management promoted its Annual Recurring Revenue (ARR) metric as a key indicator of future financial performance, yet this information was not disclosed in the Proxy [4]. - The Proxy also failed to include January 2024 forecasts prepared in the ordinary course of business, which would have allowed shareholders to better assess Smartsheet's financial prospects [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who held Smartsheet securities as of the record date to seek lead plaintiff status [5]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].

NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of all former stockholders of Smartsheet Inc. (NYSE: SMAR) in connection with the January 2025 sale (the “Merger” or “Buyout”) of Smartsheet to affiliates of investment funds managed by affiliates of Blackstone Inc. (collectively “Blackstone”), investment funds managed by Vista Equity Partners Management, LLC (“Vista Equity Partners” or “Vista”), and Platinum Falcon ...

Core Viewpoint - A class action lawsuit has been filed against Smartsheet Inc. regarding allegations of securities fraud and unlawful business practices related to a recent merger [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Smartsheet and certain officers and directors engaged in securities fraud during the solicitation of stockholder approval for a merger with investment funds managed by Blackstone, Vista Equity Partners, and others [4][5]. - Investors have until February 24, 2026, to request to be appointed as Lead Plaintiff if they purchased Smartsheet securities during the class period [2]. Group 2: Allegations Against Smartsheet - The complaint alleges that Smartsheet issued a misleading Schedule 14A Proxy statement to the U.S. Securities and Exchange Commission, mischaracterizing the company's financial performance to solicit approval for the merger [5]. - The Proxy allegedly presented the company's quarterly earnings negatively and emphasized a financial metric created specifically for the merger approval process [5]. Group 3: Financial Implications - The merger consideration was set at $56.50 per share, which was within the range of a discounted cash flow analysis but below several analyst price targets that had been raised following the company's successes in early 2024 [6].

Core Viewpoint - A class action lawsuit has been announced by Rosen Law Firm on behalf of former stockholders of Smartsheet Inc. regarding the January 2025 sale of the company to a consortium including Blackstone, Vista Equity Partners, and Platinum Falcon [1] Group 1: Lawsuit Details - The lawsuit claims that Smartsheet's management issued a misleading Proxy statement to solicit stockholder approval for the Buyout, misrepresenting the company's financial performance [5] - Allegations include that the Proxy emphasized a fabricated financial metric and portrayed quarterly earnings negatively to influence the approval process [5] Group 2: Participation Information - Former Smartsheet stockholders may join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2] - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6] Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4] - The firm has recovered hundreds of millions for investors, including over $438 million in 2019 alone [4]

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of former stockholders of Smartsheet Inc. related to its January 2025 sale to a consortium including Blackstone, Vista Equity Partners, and Platinum Falcon [1] Group 1: Lawsuit Details - The lawsuit claims that Smartsheet's management issued a misleading Proxy statement to solicit stockholder approval for the Buyout, mischaracterizing the company's financial performance [5] - Allegations include that the Proxy emphasized a fabricated financial metric and presented quarterly earnings negatively to influence the approval process [5] Group 2: Participation Information - Former Smartsheet stockholders may be entitled to compensation through a contingency fee arrangement, meaning no out-of-pocket costs for them [2] - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6] Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4] - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [4]

Core Viewpoint - A class action lawsuit has been filed against Smartsheet Inc. regarding its January 2025 sale to a consortium including Blackstone, Vista Equity Partners, and Platinum Falcon, alleging violations of federal securities laws [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Smartsheet shares in connection with the January 2025 merger [2]. - Allegations include that defendants issued a misleading Schedule 14A Proxy Statement to solicit stockholder approval for the buyout [3]. - Defendants are accused of mischaracterizing Smartsheet's financial performance and using a financial metric created solely for the buyout approval [3]. - Mark P. Mader, a defendant, is claimed to have failed in his disclosure obligations, leading to materially false and misleading statements about Smartsheet's business [3]. Group 2: Next Steps for Investors - Investors who purchased shares in connection with the merger have until February 9, 2026, to request to be appointed as lead plaintiff in the class action [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm specializing in securities fraud class actions and has recovered hundreds of millions for investors [6]. - The firm emphasizes restoring investor capital and ensuring corporate accountability to maintain market integrity [6].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of former stockholders of Smartsheet Inc. regarding the January 2025 sale of the company to a consortium including Blackstone, Vista Equity Partners, and Platinum Falcon [1] Group 1: Allegations and Legal Proceedings - The lawsuit alleges that Smartsheet misled investors about its business operations and financial performance during the solicitation of stockholder approval for the buyout [2][3] - It is claimed that a false and misleading Schedule 14A Proxy statement was issued, which mischaracterized Smartsheet's financial success and emphasized a fabricated financial metric to solicit approval for the buyout [3] - Defendant Mark P. Mader is accused of failing to exercise reasonable care in fulfilling his disclosure duties [3] Group 2: Participation and Representation - Shareholders interested in participating in the class action must file motions to serve as lead plaintiff by February 9, 2026, with the option to remain an absent class member if they choose not to participate [4] - All representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur fees or expenses [5] Group 3: About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [6]

Company Overview - Smartsheet, an AI-enhanced work management platform, was sold for $8 4 billion, making it a private company held by Blackstone and Vista Equity Partners [1] - The platform is used by over 85% of the 2024 Fortune 500 companies, highlighting its widespread adoption in large enterprises [2] Strategic Partnerships and Innovations - Smartsheet partnered with Amazon Web Services (AWS) to integrate its data model with AWS' generative AI assistant, Amazon Q Business, enabling customers to access work management data through AI queries [3][4] - The integration aims to enhance customer productivity by allowing seamless access to data without concerns about data storage locations [4] Industry Trends - Private equity deals in Europe saw a significant uptick in 2024, with buyout deals worth over $1 billion increasing by 78% to $133 billion, compared to a 29% increase globally [5][6] - The increase in dealmaking is attributed to firms taking advantage of lower valuations during Europe's economic downturn [5] Future Outlook - A more relaxed regulatory environment in the United States under the Trump administration is expected to further boost dealmaking activity in 2024 [7]

Company Performance - Smartsheet reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and up from $0.16 per share a year ago, representing an earnings surprise of 43.33% [1] - The company achieved revenues of $286.87 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 1.14% and increasing from $245.92 million year-over-year [2] - Over the last four quarters, Smartsheet has consistently surpassed consensus EPS and revenue estimates [2] Stock Performance - Smartsheet shares have increased approximately 17.3% since the beginning of the year, while the S&P 500 has gained 27.6% [4] - The current Zacks Rank for Smartsheet is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.33 on revenues of $295.71 million, and for the current fiscal year, it is $1.39 on revenues of $1.12 billion [8] - The estimate revisions trend for Smartsheet is currently mixed, which may change following the recent earnings report [7] - The Internet - Software industry, to which Smartsheet belongs, is ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook for the sector [9]