Core Viewpoint - The law firm Kirby McInerney LLP is investigating Navan, Inc. for potential violations of federal securities laws and other unlawful business practices following its recent IPO and subsequent financial disclosures [1][3]. Group 1: Company Overview - Navan, Inc. conducted its initial public offering on October 30, 2025, selling approximately 36.9 million shares at a price of $25.00 per share [3]. - The company reported a GAAP loss from operations of $79 million for the third quarter of fiscal 2026, compared to a loss of $19 million in the same period the previous year [3]. - Navan's GAAP operating margin was reported at (41%), a significant decline from (13%) in the same quarter of the previous year [3]. Group 2: Management Changes - Following the financial results announcement, Navan's CFO stepped down immediately, just six weeks post-IPO [3]. - The company agreed to provide the departing CFO with accelerated vesting of 100% of unvested restricted stock units and stock options, along with a cash payment of $3.7 million [3]. Group 3: Market Reaction - The announcement of the CFO's departure and the financial results led to a decline in Navan's share price by $1.74, or approximately 11.9%, dropping from $14.64 on December 15, 2025, to $12.90 on December 16, 2025 [3].