GlobeNewsWire
13 Sept 2026, 04:30 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Analysis by Kasper Rasmussen · Founder & analyst
What the story claims
2 claims · each scored for market impact
Smartsheet Inc. is facing a securities class action lawsuit alleging it repurchased shares at market prices while withholding knowledge of a higher acquisition offer from a consortium of investors. — Legal liabilities and allegations of non-disclosure of material information typically create negative sentiment and potential financial penalties for a company.
-0.40A consortium of investors acquired Smartsheet for $56.50 per share in a merger that closed on January 22, 2025. — This is a historical fact about a completed transaction; the company is no longer public, so it does not move current market prices.
+0.00Which stocks this story touches
The company is the subject of a securities class action lawsuit alleging failure to disclose acquisition offers while repurchasing shares.
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The company is mentioned as the target of a separate securities class action notification by the Rosen Law Firm.
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