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2.19.26
Firm Advises Ekso Bionics on Contribution and Exchange Agreement with Applied Digital
On February 15, 2026, Applied Digital entered into a Contribution and Exchange Agreement to combine its cloud subsidiary, Applied Digital Cloud Corporation, with Ekso Bionics. At closing, Ekso will operate as the parent of the combined company and will change its name to ChronoScale Company. Wilson Sonsini Goodrich & Rosati is advising Ekso on the transaction.
Client Highlights
1.16.26
Wilson Sonsini Advises Battle Road Digital on Acquisition by Onebrief
On January 13, 2026, Onebrief, the operating system for modern command, announced that it has acquired Battle Road Digital, a leading defense innovation company applying best-in-class gaming technology to defense and national security challenges. Wilson Sonsini Goodrich & Rosati advised Battle Road Digital on the transaction.
Client Highlights
12.17.25
Wilson Sonsini Advises Udemy on Combination with Coursera
On December 17, 2025, Udemy, Inc., an AI-powered skills acceleration platform that combines on-demand, multi-language content with real-time innovation, and Coursera, Inc., an AI-powered online learning platform, announced that they have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. Based on the closing prices of Coursera and Udemy common stock on December 16, 2025, the implied equity value of the combined company is approximately $2.5 billion. The transaction is expected to close by the second half of 2026, subject to the receipt of required regulatory approvals, approval by Coursera and Udemy shareholders, and the satisfaction of other customary closing conditions.
Client Highlights
10.23.25
Wilson Sonsini Advises Redwood Materials on $350 Million Series E
On October 23, 2025, Redwood Materials, a battery recycling and cathode production company, announced it has closed a $350 million Series E funding round, bringing the total valuation of the company to about $6 billion. The financing was led by Eclipse and included new strategic investor NVentures (NVIDIA’s venture capital arm). The funds will be used to expand the company’s energy storage business and its refining and materials production capacity. Wilson Sonsini Goodrich & Rosati advised Redwood Materials on the transaction.
Client Highlights
10.21.25
Wilson Sonsini Advises Armada Acquisition Corp. II on $1 Billion Business Combination with Evernorth Holdings
On October 20, 2025, Armada Acquisition Corp II (Armada II), a publicly traded special purpose acquisition company, and Evernorth Holdings Inc. (Evernorth), a newly formed Nevada corporation focused on enabling institutional-scale adoption of XRP, announced that they have entered into a definitive business combination agreement through which Evernorth will become a publicly listed company. The transaction is expected to raise more than $1 billion in gross proceeds, establishing Evernorth as the largest public XRP-treasury company and a first-of-its-kind institutional vehicle built to accelerate XRP adoption. Investors include SBI, Ripple, Rippleworks, and leading digital-asset and fintech investors such as Pantera Capital, Kraken, and GSR, with participation from Ripple co-founder Chris Larsen. Upon closing, the combined company will operate under the Evernorth name and is expected to trade on Nasdaq under the ticker symbol “XRPN,” subject to applicable listing requirements and other customary closing conditions.
Client Highlights
9.09.25
Wilson Sonsini Advises Observo AI on Acquisition by SentinelOne
On September 8, 2025, SentinelOne, a leader in AI-native security, announced its intent to acquire Observo AI, the category-defining data streaming platform for AI-native telemetry pipeline management. The acquisition will enhance SentinelOne's AI capabilities by accelerating data ingestion, enriching telemetry, and automatically adapting to emerging threats. Wilson Sonsini Goodrich & Rosati is advising Observo AI on the transaction.
Client Highlights
6.13.25
Wilson Sonsini Advises Scale AI on $14.35 Billion Investment from Meta
On June 12, 2025, Scale AI, Inc., the humanity-first AI company, announced a $14.35 billion investment from Meta Platforms, Inc. that values Scale at over $29 billion. The agreement will also substantially expand Scale and Meta’s commercial relationship to accelerate deployment of Scale’s data solutions. Wilson Sonsini Goodrich & Rosati is advising Scale on the transaction.
In addition, Scale’s founder, Alexandr Wang, is joining Meta to work on Meta’s AI efforts. He will continue to serve as a director on Scale’s board of directors and support Scale’s ongoing work to unlock the power of AI and keep human values at the forefront.
Scale will distribute proceeds from Meta’s investment to Scale shareholders and vested equity holders, providing them with substantial liquidity as well as the opportunity to continue participating in Scale’s success as ongoing equity holders of the company. Following its investment, Meta will hold a minority of Scale’s outstanding equity.
The Wilson Sonsini team advising Scale on the transaction was led by partners Rezwan Pavri, Marty Korman, Rich Mullen, John Brust, and Lester Ang. The team also included:
In addition, Scale’s founder, Alexandr Wang, is joining Meta to work on Meta’s AI efforts. He will continue to serve as a director on Scale’s board of directors and support Scale’s ongoing work to unlock the power of AI and keep human values at the forefront.
Scale will distribute proceeds from Meta’s investment to Scale shareholders and vested equity holders, providing them with substantial liquidity as well as the opportunity to continue participating in Scale’s success as ongoing equity holders of the company. Following its investment, Meta will hold a minority of Scale’s outstanding equity.
The Wilson Sonsini team advising Scale on the transaction was led by partners Rezwan Pavri, Marty Korman, Rich Mullen, John Brust, and Lester Ang. The team also included:
Client Highlights
4.04.25
Wilson Sonsini Advises Skilljar on Acquisition by Gainsight
On April 2, 2025, Gainsight, a world-leading Customer Success platform that helps business drive growth by unifying the post-sales customer journey, acquired Skilljar, a leading Learning Management Software (LMS) provider for external training. Wilson Sonsini Goodrich & Rosati advised Skilljar on the transaction.
Building on Skilljar’s AI progress, Gainsight is reinforcing its commitment to embarking on an Agentic journey to deliver personalized learning at scale, further underscoring its commitment to driving revenue growth and exceptional customer outcomes. The acquisition also bolsters Gainsight’s established and thriving customer education community by uniting it with Skilljar, creating a leading collective of industry experts to drive this transformative vision.
The Wilson Sonsini team that advised Skilljar on the transaction includes:
Building on Skilljar’s AI progress, Gainsight is reinforcing its commitment to embarking on an Agentic journey to deliver personalized learning at scale, further underscoring its commitment to driving revenue growth and exceptional customer outcomes. The acquisition also bolsters Gainsight’s established and thriving customer education community by uniting it with Skilljar, creating a leading collective of industry experts to drive this transformative vision.
The Wilson Sonsini team that advised Skilljar on the transaction includes:
Client Highlights
6.10.24
Wilson Sonsini Advises Yext on $125 Million Acquisition of Hearsay Systems
On June 10, 2024, Yext, Inc., the leading digital presence platform for multi-location brands, announced that it has entered into a definitive agreement to acquire Hearsay Systems, a global leader in digital client engagement for financial services, for $125 million and up to an additional $95 million if certain performance targets are achieved. Wilson Sonsini Goodrich & Rosati advised Yext on the transaction.
Client Highlights
5.02.24
Wilson Sonsini Advises Aledade in Acquisition of Medical Advantage
On May 1, 2024, Aledade, the nation’s largest and most successful network of physician-led value-based care, announced that it has acquired Michigan-based Medical Advantage, which since 2014 has operated as a wholly-owned subsidiary of The Doctors Company, the nation's largest physician-owned medical malpractice insurer. Wilson Sonsini advised Aledade on the transaction.
The partnership bolsters Aledade’s status as the nation’s preeminent primary care Accountable Care Organization (ACO) network and a recognized leader in value-based care. It also expands Michigan physician partnerships with Aledade from 35 to approximately 700. Aledade also will sustain Medical Advantage’s status as a physician organization able to participate in value-based care arrangements with both public and private payers, including Blue Cross Blue Shield of Michigan.
The Wilson Sonsini team that advised Aledade on the transaction includes:
Corporate/M&A
Steve Bernard
Mike Russell
Andrew Lombardo
Ava Munson
Zachary Williams
Cindy West
The partnership bolsters Aledade’s status as the nation’s preeminent primary care Accountable Care Organization (ACO) network and a recognized leader in value-based care. It also expands Michigan physician partnerships with Aledade from 35 to approximately 700. Aledade also will sustain Medical Advantage’s status as a physician organization able to participate in value-based care arrangements with both public and private payers, including Blue Cross Blue Shield of Michigan.
The Wilson Sonsini team that advised Aledade on the transaction includes:
Corporate/M&A
Steve Bernard
Mike Russell
Andrew Lombardo
Ava Munson
Zachary Williams
Cindy West
News Articles
4.04.24
Firm Supports Justice Climate Fund in Successful Bid for $1 Billion Funding Award
On April 4, 2024, the U.S. Environmental Protection Agency and Vice President Kamala Harris announced that Justice Climate Fund (JCF) was selected to receive approximately $1 billion in funding under the Clean Communities Investment Accelerator program. Wilson Sonsini is honored to have supported JCF in connection with this once-in-a-generation commitment to building enduring clean and green financing institutions that deliver transformational climate equity for families and communities across this nation.
Client Highlights
12.03.23
Wilson Sonsini Advises Hawaiian Airlines on $1.9 Billion Acquisition by Alaska Airlines
On December 3, 2023, Alaska Airlines and Hawaiian Airlines announced that they had entered into a definitive agreement pursuant to which Alaska Airlines will acquire the holding company of Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion. Wilson Sonsini Goodrich & Rosati advised Hawaiian Airlines on the transaction.