Corporate travel management company Navan (once known asĀ TripActions)Ā filed updatedĀ IPO documentsĀ with the U.S. Securities and Exchange CommissionĀ on Friday,Ā even though the federal government is currently shut down.Ā Ā
Navan isĀ proceedingĀ underĀ SEC rulesĀ thatĀ allowsĀ wanna-beĀ public companies that are in limbo during the shutdown to fileĀ updatedĀ information,Ā including share count and pricing, and have their statements automaticallyĀ okādĀ inĀ 20 days, without staff scrutiny.Ā Once the filings are declared effective, Navan can kick off its roadshow. The rule, however,Ā doesnātĀ mean that staffĀ canātĀ ask questions or require amended filings later.Ā
Navan declined to comment to TechCrunch about its updated IPO documents.
The going thought was that the shutdown would cool and possiblyĀ freeze an IPO market that had just started to thaw.Ā Even with this rule, manyĀ companies would rather get a green light from a staffer than go it alone, sourcesĀ told,Ā Bloomberg.Ā So the tech world will be watching how Navanās gambit fairs.Ā
Navanās updated filing shows the company plans to sellĀ 30 million shares, with insiders selling anĀ additionalĀ 7 million. It priced its range at $24 to $26.Ā At theĀ high-end, the company would raiseĀ more than $960 million and be valued atĀ $6.45 billion.Ā Navan is backed by Lightspeed, Andreessen Horowitz, Zeev Ventures, and Greenoaks.
NavanĀ generatedĀ rolling 12-month revenueĀ ofĀ $613 million (up 32%), withĀ lossesĀ of $188 million, according to the updated filing.
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![‘Ninja Scroll’ Is Slashing Back to Theaters in October
The 1993 samurai anime filmĀ Ninja ScrollĀ is coming back with a limited theatrical run this fall. Per IGN, Iconic Events and AMC are teaming for a re-release on October 4, 5, and 7. (At time of writing, itās exclusively locked to North America.) The remastered version will play its original 35mm negatives in 4K using a process that ārepairs any damage and [performs] color correction to create an archival-quality digital master of the film.ā Directed and written by Yoshiaki Kawajiri and created by Animate Film, Ninja Scroll tells the story of mercenary swordsman Kibagamei Jubei. Set in feudal Japan, Jubei is tasked with killing the Eight Devils of Kimon, supernatural ninjas aiming to take over the Tokugawa shogunate. Praised for its animation and action, the film was highly regarded when it came out and is considered a great contributor (alongside AkiraĀ andĀ Ghost in the Shell) to adult animeās popularity in the West. (Thatās at least true for the Wachowskis, who cited the film as a big influence on The Matrix,Ā and later brought on Kawajiri to direct and write two segments ofĀ The Animatrix.) [embed]https://www.youtube.com/watch?v=jrfUIekIpEA[/embed] In the years sinceĀ Ninja ScrollāsĀ release, itās become a bit of a franchise unto itself: it had a standalone sequel series in 2003 and a 12-issue miniseries in 2006 by J. Torres and Michael Chang Ting Yu.
Animation studio Madhouse announced a sequel in 2008 helmed by Kawajiri that stalled out, and that same year saw Warner Bros. announce a live-action movie that alsoĀ didnāt go anywhere. (Oh, noooooo, thatās sooooooo sad.) Tickets forĀ theĀ Ninja ScrollĀ re-release will go on sale in the coming weeks. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, whatās next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Ninja #Scroll #Slashing #Theaters #OctoberNinja Scroll,Yoshiaki Kawajiri ‘Ninja Scroll’ Is Slashing Back to Theaters in October
The 1993 samurai anime filmĀ Ninja ScrollĀ is coming back with a limited theatrical run this fall. Per IGN, Iconic Events and AMC are teaming for a re-release on October 4, 5, and 7. (At time of writing, itās exclusively locked to North America.) The remastered version will play its original 35mm negatives in 4K using a process that ārepairs any damage and [performs] color correction to create an archival-quality digital master of the film.ā Directed and written by Yoshiaki Kawajiri and created by Animate Film, Ninja Scroll tells the story of mercenary swordsman Kibagamei Jubei. Set in feudal Japan, Jubei is tasked with killing the Eight Devils of Kimon, supernatural ninjas aiming to take over the Tokugawa shogunate. Praised for its animation and action, the film was highly regarded when it came out and is considered a great contributor (alongside AkiraĀ andĀ Ghost in the Shell) to adult animeās popularity in the West. (Thatās at least true for the Wachowskis, who cited the film as a big influence on The Matrix,Ā and later brought on Kawajiri to direct and write two segments ofĀ The Animatrix.) [embed]https://www.youtube.com/watch?v=jrfUIekIpEA[/embed] In the years sinceĀ Ninja ScrollāsĀ release, itās become a bit of a franchise unto itself: it had a standalone sequel series in 2003 and a 12-issue miniseries in 2006 by J. Torres and Michael Chang Ting Yu.
Animation studio Madhouse announced a sequel in 2008 helmed by Kawajiri that stalled out, and that same year saw Warner Bros. announce a live-action movie that alsoĀ didnāt go anywhere. (Oh, noooooo, thatās sooooooo sad.) Tickets forĀ theĀ Ninja ScrollĀ re-release will go on sale in the coming weeks. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, whatās next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Ninja #Scroll #Slashing #Theaters #OctoberNinja Scroll,Yoshiaki Kawajiri](https://gizmodo.com/app/uploads/2026/06/ninja-scroll-hed-1280x853.jpg)
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