Smartsheet investors face Oct. 5, 2026 lead plaintiff deadline

  • Rosen Law Firm reminded Smartsheet stock sellers about the pending securities class action.
  • October 5, 2026, is the deadline to seek lead plaintiff appointment.
  • The Consortium acquired Smartsheet on January 22, 2025, for $56.50 per share.

Rosen Law Firm reminded investors who sold Smartsheet Inc. common stock between June 1, 2024, and September 23, 2024, inclusive, that October 5, 2026, is the deadline to seek appointment as lead plaintiff in a securities class action. The lawsuit alleges Smartsheet repurchased shares from investors while withholding information about acquisition offers from a consortium. The Consortium initially offered $56.25 per share on January 24, 2024, raised its proposal to $56.50 on July 8, 2024, and repeated that offer on August 21, 2024. Smartsheet’s average share price during the class period was $46.45. The company disclosed the transaction on September 24, 2024, and the merger closed on January 22, 2025, with the Consortium acquiring Smartsheet for $56.50 per share. The action has been filed, but no class has been certified. Investors may participate without paying out-of-pocket fees or costs under a contingency fee arrangement, may retain counsel of their choice, or may remain absent class members. Serving as lead plaintiff is not required to share in any potential recovery.

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