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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
Levi & Korsinsky, LLP is encouraging investors who suffered losses in Navan, Inc. (Nasdaq: NAVN) to contact the firm. The firm says those who purchased NAVN securities pursuant or traceable to the company’s October 31, 2025 IPO may be entitled to recover damages. The window to apply for lead plaintiff closes on April 24, 2026.
Navan’s IPO priced at $25 per share on October 31, 2025. By early 2026, shares traded as low as $9.20, representing a loss of nearly $15.80 per share, or about 63%. The firm also states that the lead plaintiff application deadline is April 24, 2026.
Navan filed an initial draft registration statement on Form S-1 with the SEC. The document highlighted 33% year-over-year revenue growth, 32% GBV growth, and a stable 7% usage yield, which the firm says became a basis for how investors evaluated the IPO.
One day before trading began, Navan filed its final prospectus. The firm’s account says the prospectus repeated claims of “rapid growth” and “increased demand,” while listing generic risk factors related to customer acquisition costs. The lawsuit contends the prospectus failed to disclose that sales and marketing expenses for the quarter then ending had already surged 39% above the prior quarter.
The SEC declared the registration statement effective. Navan sold 36.9 million shares at $25 each, generating anticipated gross proceeds exceeding $920 million. The firm states that underwriters collected $36.7 million in commissions. It also notes that the quarter later described as having ballooning costs officially closed on the same day.
Navan filed its 10-Q for the quarter ending October 31, 2025, disclosing sales and marketing expenses of nearly $95 million compared with $68.5 million in the prior quarter. The firm also states that on the same earnings call, the CEO announced the CFO’s imminent departure effective January 9.
The firm says shares fell almost 12% in a single session, closing at $12.90 on heavy volume, with the decline continuing in subsequent weeks.
The firm frames the sequence of events as raising questions about whether investors received timely information before committing capital at the IPO price. In a statement, Joseph E. Levi, Esq. said: “Timely disclosure of material developments is fundamental to fair and efficient markets. The sequence of events here raises important questions about whether investors received the information they needed before committing capital at the IPO price.”
Investors are directed to submit their claim before the deadline or contact Levi & Korsinsky, LLP at (212) 363-7500.
Joseph E. Levi, Esq. and Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor, New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
