SMAR INVESTOR ALERT: Former Smartsheet Inc. Shareholders with Substantial Holdings Have Opportunity to Lead the Smartsheet Class Action Lawsuit

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].