Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Navan, Inc. for possible violations of federal securities laws and unlawful business practices affecting stockholders [1]. Investigation Details - The investigation is focused on whether Navan has engaged in unlawful activities that may have led to financial losses for investors [2]. Financial Performance - Navan conducted its IPO on October 30, 2025, selling approximately 36.9 million shares at $25.00 per share [6]. - The company reported a GAAP loss from operations of $79 million for Q3 fiscal 2026, compared to a loss of $19 million in the same period the previous year [6]. - The GAAP operating margin was reported at -41%, a significant decline from -13% in the same quarter of the previous year [6]. Management Changes - Following the financial results, Navan's CFO stepped down just six weeks post-IPO, receiving benefits including accelerated vesting of restricted stock units and a cash payment of $3.7 million [6]. Stock Price Reaction - On December 16, 2025, Navan's stock price fell by $1.74, or 11.9%, closing at $12.90 per share, indicating a negative market reaction to the financial disclosures and management changes [6].
NAVAN INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation into Navan, Inc. on Behalf of Navan Stockholders and Encourages Investors to Contact the Firm