Philadelphia, Pennsylvania--(Newsfile Corp. - March 2, 2026) - National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Navan, Inc. (NASDAQ: NAVN) ("Navan" or the "Company") on behalf of investors who purchased or acquired Navan shares during the period from October 28, 2025 through February 23, 2026 (the "Class Period"), including in or traceable to the Company's October 2025 initial public offering ("IPO").

Investor Deadline: Investors who purchased or acquired Navan securities during the Class Period may, no later than April 24, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

The Company, headquartered in Palo Alto, Calif., provides booking and expense reporting software for business travelers, enabling companies to streamline travel and expense management.

According to the allegations in the lawsuit, Navan's IPO documents misled investors by failing to disclose that the Company had substantially increased its "sales and marketing" expenses at the time of the offering.

Navan shares have declined precipitously since the IPO, trading as low as $9.01 per share, a loss in value of over 60% from the offering price.

If you are a Navan investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.

About Berger Montague

Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

For more information or to discuss your rights, please contact:

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Source: Berger Montague