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Wilson Sonsini Global Cartel Law Quarterly Q4 2025/Q1 2026
The firm is pleased to distribute the Wilson Sonsini Global Cartel Law Quarterly Q4 2025/Q1 2026, which provides a summary of key cartel enforcement trends across the U.S., Europe, and beyond. A “cartel” under competition law is typically reserved for agreements between competitors to restrict competition, such as price-fixing, bid-rigging, and market allocations.
Newsletters
2025 Technology and Life Sciences PIPE and RDO Report
Wilson Sonsini is pleased to present the 2025 Technology and Life Sciences PIPE and RDO Report. This report presents analysis related to 163 private investments in public equity (PIPEs) and registered direct offerings (RDOs) by U.S.-based technology and life sciences companies between January 1 and December 31, 2025. The report is limited to transactions in which the company raised at least $10 million and had at least one closing in 2025.
Newsletters
2025 Technology and Life Sciences IPO Report
Wilson Sonsini’s 2025 Technology and Life Sciences IPO Report provides in-depth analysis on 40 initial public offerings (IPOs) and five direct listings completed by U.S.-based technology and life sciences companies in 2025 with deal values exceeding $75 million.
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News Articles
5.29.26
Alumni Spotlight: Stephen Erickson, CEO, Peoples Pharmacy
Stephen Erickson was one of the first 10 attorneys in Wilson Sonsini’s Austin office once it opened in 1999. After 20 subsequent years holding in-house counsel roles for various companies, in 2021 he was appointed CEO of Peoples Pharmacy—the largest independent pharmacy chain in Austin. We recently spoke with Stephen about his career path, his recommendations for those considering an in-house or executive career, his time at Wilson Sonsini, and how his experience here still helps to shape his current role as CEO more than two decades later.Alerts
5.29.26
Insights from the 2026 FTC Workshop on Last-Minute Antitrust Remedy Proposals
On May 20, 2026, the Federal Trade Commission (FTC) hosted “Eleventh-Hour Antitrust Remedy Proposals and Litigating the Fix” Workshop, which provided meaningful insight into how the agency is likely to approach merger remedies under its current leadership. Chairman Andrew Ferguson delivered the opening remarks, and Commissioner Mark Meador gave the closing remarks.
Client Highlights
5.29.26
Wilson Sonsini Advises Arc on $10.76 Million Seed Funding
On May 26, 2026, voice AI start-up Arc announced the launch of its drive-through platform and a $10.76 million Seed funding round led by Andreessen Horowitz, with participation by Adverb Ventures, Broadway Restaurant Group, LLC, United Talent Agency, and others. Wilson Sonsini Goodrich & Rosati advised Arc on the financing.
Founded by Square and Cash App veterans Mike MacLennan and Ali Hussain, Arc is the only voice AI platform purpose-built to bring e-commerce-grade optimization to the drive-through. Powered by its proprietary AI voice ordering system, Arc’s platform “lets operators manage their drive-through with the precision, measurability, and curated experience of a modern digital channel,” according to MacLennan. The company is already working with two major fast-food chains and says its system can complete orders on its own over 95 percent of the time.
The Wilson Sonsini team that advised Arc on the financing included Mark Baudler, Jonathan Chan, Jocqui Kaup, Peter Bratton, James Power, Mounika Yepuri, and Annie Xu.
For more information, please see coverage from Fortune and Startup Fortune.
Founded by Square and Cash App veterans Mike MacLennan and Ali Hussain, Arc is the only voice AI platform purpose-built to bring e-commerce-grade optimization to the drive-through. Powered by its proprietary AI voice ordering system, Arc’s platform “lets operators manage their drive-through with the precision, measurability, and curated experience of a modern digital channel,” according to MacLennan. The company is already working with two major fast-food chains and says its system can complete orders on its own over 95 percent of the time.
The Wilson Sonsini team that advised Arc on the financing included Mark Baudler, Jonathan Chan, Jocqui Kaup, Peter Bratton, James Power, Mounika Yepuri, and Annie Xu.
For more information, please see coverage from Fortune and Startup Fortune.
Client Highlights
5.29.26
Wilson Sonsini Advises Inherent on $50 Million Seed Round as Company Emerges from Stealth
On May 28, 2026, Inherent Laboratories (Inherent), a London-based AI lab, emerged from stealth and announced a $50 million Seed round led by Index Ventures and Radical Ventures, with participation from investors including NVentures (NVIDIA's venture capital arm), Ex/Ante, Metaplanet, Macroscopic Ventures, and Mythos Ventures. Wilson Sonsini Goodrich & Rosati advised Inherent on the transaction.
Alerts
5.27.26
Proposed Department of Defense Rule Requires FOCI Mitigation for Unclassified Contracts Valued at More than $5 Million
On May 7, 2026, the Department of Defense (DoD) proposed changes to the Defense Federal Acquisition Regulation Supplement (DFARS) that, when finalized, will impact nearly 38,000 defense contractors and subcontractors. The proposed changes will require companies to disclose foreign ownership, control, or influence (FOCI), which they must mitigate before the contracting officer can award, modify, or extend a contract.
Press Releases
5.27.26
Wilson Sonsini Adds Highly Regarded M&A Partner Sachin Kohli in New York
NEW YORK, NY (May 27, 2026)—Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, today announced that Sachin Kohli has joined the firm in New York as a partner in its Mergers and Acquisitions (M&A) practice. The practice regularly advises on some of the most significant domestic and cross-border transactions in the technology and life sciences sectors, and has completed more than 150 deals in the past year. Kohli’s arrival advances the firm’s national M&A platform, expands its New York presence, and deepens its capabilities in transformative transactions across life sciences, healthcare, and technology.
Client Highlights
5.27.26
Wilson Sonsini Advises Thea Energy on $100 Million Series B
On May 27, 2026, Thea Energy, a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, announced it has raised $100 million in Series B funding that draws support from Thomas Tull’s US Innovative Technology Fund (USIT), General Innovation Capital Partners (GICP), Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, and Whatif Ventures. Wilson Sonsini Goodrich & Rosati advised Thea Energy on the transaction.
Client Highlights
5.26.26
Firm Advises Greenhouse on Acquisition of Ezra AI Labs
On May 5, 2026, Greenhouse, a leading hiring platform, announced it has entered into a definitive agreement to acquire Ezra AI Labs, a voice AI interviewer that delivers structured, on-demand conversations that feel natural rather than robotic. Once closed, the acquisition will deepen Greenhouse's ability to help companies identify genuine talent in a job market overwhelmed by AI-generated applications. Wilson Sonsini Goodrich & Rosati advised Greenhouse on the transaction.
Alerts
5.22.26
Draft Guidelines Clarify Which AI Systems Are “High-Risk” Under EU AI Act
The European Commission has published draft guidelines (Draft Guidelines) to clarify the classification of high-risk AI systems under the European Union's Artificial Intelligence Act (EU AI Act). This classification is crucial, as it determines whether an AI system will be subject to the EU AI Act’s most burdensome obligations. The Draft Guidelines provide general principles which inform if an AI system is high-risk, as well as a non-exhaustive list of examples of high-risk AI systems across various sectors. Organizations can provide feedback on the Draft Guidelines via this survey until June 23, 2026.
Blog Posts
5.22.26
SEC Adds New Jurisdictions to FPI Section 16(a) Relief: Australia, India, and Singapore
On May 20, 2026, the SEC issued an exemptive order relieving directors and officers of certain foreign private issuers from the Section 16(a) reporting requirements of the Securities Exchange Act of 1934. The order expanded the list of qualifying jurisdictions (and corresponding qualifying regulations) to include Australia, India, and Singapore.