Investors with Significant Losses in Smartsheet Have Class Action Opportunity

Investors Urged to Act on Smartsheet Class Action Lawsuit

Former shareholders of Smartsheet Inc. (NYSE: SMAR) are being urged to take action as a significant opportunity arises to lead a class action lawsuit against the company. The Rosen Law Firm, a prominent global investor rights law firm, has highlighted a deadline of February 24, 2026, for former stockholders who experienced losses exceeding $100,000 due to the sale of Smartsheet to a consortium of investment funds, including those managed by Blackstone and Vista Equity Partners.

Background on the Sale

The controversy stems from a January 2025 merger, wherein Smartsheet was acquired by a group of investors led by affiliates of Blackstone and Vista Equity Partners, along with the Abu Dhabi Investment Authority's subsidiary, Platinum Falcon. Following this transaction, concerns have emerged regarding the accuracy and honesty of the information provided to shareholders during the approval process for the buyout.

Allegations of Misconduct

The class action complaint alleges that Smartsheet's management misrepresented the company's financial performance in a Schedule 14A Proxy statement filed with the SEC. The statement purportedly contained false and misleading information that downplayed the company’s success while exaggerating red flags to persuade shareholders to approve the merger.

Particularly alarming is the claim that CEO Mark P. Mader failed in his duties to provide reasonable disclosures, contributing to a lack of transparency that may have misled investors about the firm’s actual financial health.

Steps for Affected Shareholders

Investors who believe they qualify for participation in this legal action can easily join the class by visiting the Rosen Law Firm’s dedicated website or contacting attorney Phillip Kim directly. Once engaged, participants can pursue their claims without incurring out-of-pocket fees, as the arrangement follows a contingency fee model, meaning payments only occur if they win a settlement.

To be eligible to act as lead plaintiff, investors must file their motion with the court by the specified deadline. This role is crucial, as it involves guiding the lawsuit on behalf of all affected class members. However, it’s important to note that no class has been certified yet; therefore, investors remain unrepresented unless they choose legal counsel now.

Why Choose Rosen Law Firm?

The Rosen Law Firm boasts extensive experience and a proven record in handling securities class actions. They have recovered substantial settlements for investors globally, highlighting their expertise in navigating complex legal issues related to financial transactions. The firm encourages shareholders to be cautious in selecting counsel, emphasizing the importance of choosing firms with significant experience and a successful track record rather than those merely acting as intermediaries.

As the landscape of securities litigation changes, it’s vital for shareholders to stay informed regarding their rights and potential claims. With the deadline for the Smartsheet class action closing in, former investors who have suffered financial losses should act promptly to secure their interests.

For further updates and information, Smartsheet investors are encouraged to contact the Rosen Law Firm or follow them on their various social media channels.

In summary, the allegations surrounding Smartsheet's buyout provide a crucial opportunity for former shareholders to potentially reclaim their losses and seek justice through this class action lawsuit. Remember, the deadline is February 24, 2026, and time is of the essence.