Smartsheet Investors Urged to Secure Counsel by October 2026
News related to:Smartsheet Inc · 2 min read
NEW YORK, Sept. 20, 2026 /CourierPR/ -- Rosen Law Firm, a global investor rights law firm, is reminding investors who sold Smartsheet Inc. (NYSE: SMAR) common stock between June 1, 2024, and September 23, 2024, of an important deadline. Investors are encouraged to secure legal counsel before October 5, 2026, to serve as lead plaintiff in a securities class action lawsuit.
According to the lawsuit, Smartsheet received an unsolicited non-public offer from a consortium of investors on January 24, 2024, to purchase its outstanding shares for $56.25 per share. In April 2024, Smartsheet’s Board of Directors approved a share repurchase program allowing the company to repurchase up to $150 million of its outstanding stock. On July 8, 2024, the consortium raised its offer to $56.50 per share and reiterated the offer on August 21, 2024. During the class period, Smartsheet’s average stock price was $46.45 per share.
On September 24, 2024, during pre-market hours, Smartsheet disclosed the transaction with the consortium. The merger eventually closed on January 22, 2025, with the consortium acquiring Smartsheet for $56.50 per share.
Rosen Law Firm, known for its track record in leadership roles in securities class actions, is encouraging investors to join the lawsuit. The firm has achieved the largest ever securities class action settlement against a Chinese company and was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. Since 2013, the firm has been ranked in the top 4 each year and has recovered billions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of the Plaintiffs' Bar.
To join the Smartsheet class action, investors can visit Rosen Law Firm's website or contact Phillip Kim, Esq., toll-free at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed, and a lead plaintiff is needed to direct the litigation. Investors who sold Smartsheet common stock during the class period may be entitled to compensation without paying any out-of-pocket fees or costs through a contingency fee arrangement.