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6.02.26
Firm Advises 137 Ventures and BANNER VC on Impulse Space’s $500 Million Series D Financing
On June 2, 2026, Impulse Space, an in-space mobility leader, announced it has raised $500 million in Series D funding, bringing the company’s total capital raised to over $1 billion. The funding will support the company’s hiring and manufacturing growth plans in its efforts to build in-space mobility infrastructure. The funding round was co-led by 137 Ventures and BANNER VC with participation from Founder’s Fund, Lux Capital, and Linse Capital. Wilson Sonsini Goodrich & Rosati advised 137 Ventures and BANNER VC on the transaction.
Client Highlights
2.02.26
Wilson Sonsini Advises ALX Oncology on Public Offering
On January 30, 2026, ALX Oncology Holdings Inc., a clinical-stage biotechnology company focusing on novel therapies designed to treat cancer and extend patients’ lives, announced the pricing of an underwritten offering of 76,979,112 shares of common stock and, in lieu of common stock to certain investors, pre-funded warrants to purchase 18,574,120 shares of common stock in the offering. The gross proceeds of the offering are expected to be approximately $150 million before deducting the underwriting discounts and commissions and other estimated offering expenses, and excluding the exercise of any pre-funded warrants. Wilson Sonsini Goodrich & Rosati advised ALX Oncology on the transaction.
Client Highlights
10.18.24
Wilson Sonsini Advises Terray Therapeutics on $120M Series B Funding
On October 17, 2024, Terray Therapeutics, a Los Angeles-based biotechnology company improving human health by enhancing small molecule drug development, announced that it raised $120 million in Series B funding. The round was led by Bedford Ridge Capital and existing investor NVentures (NVIDIA’s venture capital arm), with participation from new and existing investors, including Maverick Capital, Goldcrest Capital, Madrona Ventures, Two Sigma Ventures, XTX Ventures, Digitalis Ventures, and Alexandria Ventures. Wilson Sonsini Goodrich & Rosati advised Terray on the transaction.
Client Highlights
4.24.24
Wilson Sonsini Advises HashiCorp on $6.4 Billion Acquisition by IBM
On April 24, 2024, IBM and HashiCorp Inc., a leading multi-cloud infrastructure automation company, announced that they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. Wilson Sonsini Goodrich & Rosati is advising HashiCorp on the transaction.
HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. IBM’s acquisition continues its deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks, and Vodafone. HashiCorp's offerings have widescale adoption in the developer community and are used by 85 percent of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp's FY2024.
The boards of directors of IBM and HashiCorp have both approved the transaction, which is subject to approval by HashiCorp shareholders, regulatory approvals, and other customary closing conditions. The transaction is expected to close by the end of 2024.
The Wilson Sonsini team advising HashiCorp on the acquisition includes:
HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. IBM’s acquisition continues its deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks, and Vodafone. HashiCorp's offerings have widescale adoption in the developer community and are used by 85 percent of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp's FY2024.
The boards of directors of IBM and HashiCorp have both approved the transaction, which is subject to approval by HashiCorp shareholders, regulatory approvals, and other customary closing conditions. The transaction is expected to close by the end of 2024.
The Wilson Sonsini team advising HashiCorp on the acquisition includes:
Client Highlights
4.23.24
Firm Advises Underwriters in Montrose Environmental’s $128 Million Follow-On Public Offering
On April 22, 2024, Montrose Environmental Group, Inc., an environmental services provider offering measurement and analytical services as well as environmental resiliency & sustainability solutions, completed the underwritten public offering of 3,450,000 shares of its common stock at a price of $37.15 per share, including the full exercise of the greenshoe option. Wilson Sonsini Goodrich & Rosati is advising the underwriters in the transaction.
Client Highlights
3.01.24
Wilson Sonsini Advises Rambus Inc. on Accelerated Share Repurchase Program
On March 1, 2024, Rambus Inc., a provider of industry-leading chips and silicon IP making data faster and safer, announced that it initiated an accelerated share repurchase program with Royal Bank of Canada to repurchase an aggregate of approximately $50 million of its common stock, with an initial delivery of approximately 675,000 shares. Wilson Sonsini Goodrich & Rosati is representing Rambus in the transaction.
Under the accelerated share repurchase program, Rambus will pre-pay $50 million to Royal Bank of Canada and receive an initial delivery of approximately 675,000 shares of its common stock within the first week of the program. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Rambus common stock during the term of the transaction, less a discount. The program is expected to be completed by the end of the first quarter of 2024.
Under the accelerated share repurchase program, Rambus will pre-pay $50 million to Royal Bank of Canada and receive an initial delivery of approximately 675,000 shares of its common stock within the first week of the program. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Rambus common stock during the term of the transaction, less a discount. The program is expected to be completed by the end of the first quarter of 2024.
Client Highlights
1.19.24
Wilson Sonsini Advises Alector on $75 Million Underwritten Offering
On January 19, 2024, Alector, Inc., a clinical-stage biotechnology company pioneering immuno-neurology, announced the closing of its underwritten public offering of 10,869,566 shares of its common stock. Alector has granted the underwriter a 30-day option to purchase up to an additional 1,630,434 shares of its common stock. The gross proceeds to Alector from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are approximately $75 million.
Client Highlights
10.10.23
Wilson Sonsini Advises ALX Oncology on $63 Million Public Offering
On October 5, 2023, ALX Oncology Holdings Inc., an immuno-oncology company focused on helping patients fight cancer by developing therapies that block the CD47 immune checkpoint inhibitor and bridge the innate and adaptive immune system, announced the pricing of its underwritten public offering of common stock and pre-funded warrants. ALX Oncology sold 8,663,793 shares of common stock, which included 1,293,103 shares of common stock pursuant to the full exercise of the underwriters’ option to purchase additional shares and, in lieu of common stock to certain investors, pre-funded warrants to purchase 1,250,000 shares of common stock in the offering. The shares of common stock were sold at a public offering price of $6.38 per share and the pre-funded warrants were sold at a public offering price of $6.379 per pre-funded warrant.
Client Highlights
9.29.23
Wilson Sonsini Advises Nextdata on $12 Million Seed Financing
On September 28, 2023, Nextdata, a provider of a data-mesh-native platform to build and share data products at scale, announced $12 million in seed funding co-led by Greycroft and Acrew Capital with participation from additional investors and leading industry angels. Wilson Sonsini Goodrich & Rosati advised Nextdata on the transaction.
Client Highlights
9.25.23
Wilson Sonsini Advises Applied Molecular Transport Inc. in its Sale to Cyclo Therapeutics
On September 21, 2023, Cyclo Therapeutics, Inc., a clinical-stage biotechnology company focused on developing transformative therapies for rare and neurological diseases with limited treatment options, and Applied Molecular Transport Inc. (AMT), a biopharmaceutical company, announced that the companies have entered into a definitive agreement pursuant to which AMT will merge with Cyclo Therapeutics in an all-stock transaction. Wilson Sonsini Goodrich and Rosati is advising AMT on the transaction.
Client Highlights
8.14.23
Wilson Sonsini Advises Rambus on $100 Million Accelerated Share Repurchase Program
On August 11, 2023, Rambus Inc., a premier chip and silicon IP provider making data faster and safer, announced that it initiated an accelerated share repurchase program with Royal Bank of Canada to repurchase an aggregate of approximately $100 million of its common stock, with an initial delivery of approximately 1.6 million shares. Wilson Sonsini Goodrich & Rosati is representing Rambus on the transaction.
Under the accelerated share repurchase program, Rambus will pre-pay $100 million to Royal Bank of Canada and receive an initial delivery of approximately 1.6 million shares of its common stock within the first week of the program. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Rambus common stock during the term of the transaction, less a discount. The program is expected to be completed by the end of the third quarter of 2023.
Under the accelerated share repurchase program, Rambus will pre-pay $100 million to Royal Bank of Canada and receive an initial delivery of approximately 1.6 million shares of its common stock within the first week of the program. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Rambus common stock during the term of the transaction, less a discount. The program is expected to be completed by the end of the third quarter of 2023.
Client Highlights
7.20.23
Wilson Sonsini Advises Rambus on Cadence Acquisition of PHY IP Assets
On July 20, 2023, Cadence Design Systems, Inc., a pivotal leader in electronic systems design, and Rambus Inc., a premier chip and silicon IP provider making data faster and safer, announced that they have entered into a definitive agreement for Cadence to acquire the Rambus SerDes and memory interface PHY IP business. Wilson Sonsini Goodrich & Rosati advised Rambus on the transaction.
Rambus will retain its digital IP business, including memory and interface controllers and security IP. The expected technology asset purchase also brings Cadence proven and experienced PHY engineering teams in the United States, India, and Canada, further expanding Cadence’s domain-rich talent base.
The transaction is expected to close in the third calendar quarter of 2023, subject to certain closing conditions.
The Wilson Sonsini team that advised Rambus on the transaction includes:
Rambus will retain its digital IP business, including memory and interface controllers and security IP. The expected technology asset purchase also brings Cadence proven and experienced PHY engineering teams in the United States, India, and Canada, further expanding Cadence’s domain-rich talent base.
The transaction is expected to close in the third calendar quarter of 2023, subject to certain closing conditions.
The Wilson Sonsini team that advised Rambus on the transaction includes: