Smartsheet stock faces a legal deadline after delisting
Published on 09/30/2026 at 15:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Smartsheet stock changed hands for USD 56.50 per share when Blackstone and Vista Equity Partners completed the buyout on January 22, 2025. The company now faces an October 5, 2026 lead plaintiff deadline in a securities case tied to the period before the transaction.
Legal deadline reaches October 5
According to GlobeNewswire on September 29, 2026, sellers of Smartsheet common stock during the June 1, 2024 to September 23, 2024 class period were reminded of the October 5, 2026 deadline to seek lead plaintiff status. The notice states that a class action has been filed, while also making clear that a class has not been certified.
The litigation centers on acquisition discussions and share repurchases before the public announcement. The same notice says the consortium raised its offer from USD 56.25 per share on January 24, 2024 to USD 56.50 per share on July 8, 2024, giving the case a defined price comparison rather than a general complaint about the transaction.
Revenue reached USD 958.3 million
RevenueMemo reported on September 4, 2026 that Smartsheet's fiscal 2024 revenue reached USD 958.3 million, up 25 percent from the prior year. Subscription revenue contributed USD 904.0 million, while annual recurring revenue crossed USD 1.0 billion during the same public-company period.
Those figures describe the latest full year cited for Smartsheet as a public issuer, which ended January 31, 2024. The ownership change then altered the information profile: RevenueMemo says the company stopped publishing quarterly financial reports after the January 2025 take-private, leaving the operating figures from its public period as the main quantified reference point.
Public listing ended in 2025
Smartsheet traded on the New York Stock Exchange under ticker SMAR from its 2018 initial public offering until the January 22, 2025 closing. The USD 56.50 cash consideration was a concrete endpoint for public shareholders, while Blackstone and Vista became the controlling owners.
For investors assessing the former listing, the key distinction is between historical stock data and the private company's current ownership. The legal deadline on October 5, 2026 concerns sellers from the earlier public period, not a new quarterly earnings cycle.
Buyout closes the public chapter
Smartsheet's public-market chapter ended on January 22, 2025, when shareholders received USD 56.50 per share in cash, as RevenueMemo reported on September 4, 2026. The October 5, 2026 litigation deadline is the next dated event tied to the former SMAR security.
Smartsheet company profile
- Company: Smartsheet Inc.
- Ticker: SMAR
- Primary exchange: NYSE
- Sector / Industry: Information technology / Software
