SMAR INVESTOR NOTICE: Former Smartsheet Inc. Shareholders with Substantial Holdings Have Opportunity to Lead the Smartsheet Class Action Lawsuit-RGRD Law

Core Viewpoint - Smartsheet Inc. shareholders are encouraged to participate in a class action lawsuit against the company due to alleged violations related to the merger with Blackstone Inc. and Vista Equity Partners, with a deadline for lead plaintiff applications set for February 24, 2026 [1]. Group 1: Class Action Details - The class action lawsuit is titled Kara Eftimoglu v. Mader, No. 25-cv-02530 (W.D. Wash.) and pertains to shareholders who held Smartsheet securities as of October 25, 2024 [1]. - The lawsuit alleges that a misleading Schedule 14A Proxy statement was issued, leading shareholders to approve the merger at an unfair price of $56.50 per share [3]. - The complaint claims that the Proxy failed to disclose critical financial metrics, including the Annual Recurring Revenue (ARR), which was touted in press releases and earnings calls as a key indicator of Smartsheet's financial performance [4]. Group 2: Financial Metrics and Forecasts - Smartsheet's ARR metric was emphasized by management as a significant indicator of future performance, yet it was not included in the Proxy statement [4]. - The Proxy also did not disclose January 2024 forecasts prepared in the ordinary course of business, hindering shareholders' ability to assess the company's financial prospects [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who held Smartsheet securities as of the record date to seek appointment as lead plaintiff in the class action [5]. - A lead plaintiff represents the interests of all class members and can choose a law firm for litigation, with participation in potential recovery not contingent on being the lead plaintiff [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in securities class action recoveries for four out of the last five years [6].