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3.10.26
Wilson Sonsini Advises Rhoda AI on $450 Million Funding as Company Emerges from Stealth
On March 10, 2026, Rhoda AI, a robotics intelligence start-up, announced it has emerged from stealth and raised $450 million in a Series A fundraising round led by Capricorn Investment Group, Khosla Ventures, Leitmotif, Matter Venture Partners, Mayfield, Premji Invest, Prelude Ventures, Temasek, Xora, and John Doerr, among others. Wilson Sonsini Goodrich & Rosati advised Rhoda AI on the transaction.
Client Highlights
11.06.25
Wilson Sonsini Advises Azalea Therapeutics on $82 Million Financing
On November 4, 2025, Azalea Therapeutics, a biotechnology company redefining precision genomic medicines in vivo, announced its official launch and completion of $82 million in seed and Series A financing to advance its proprietary Enveloped Delivery Vehicle (EDV) technology. The funding was led by Third Rock Ventures, with participation from RA Capital Management, Yosemite, Sozo Ventures, and select individual investors. Wilson Sonsini Goodrich & Rosati advised Azalea Therapeutics on the transaction.
Client Highlights
10.02.25
Wilson Sonsini Advises Kodiak AI on Completed Business Combination with Ares Acquisition Corporation II
On September 29, 2025, Kodiak AI, a leading provider of AI-powered autonomous vehicle technology, announced that Kodiak Robotics, Inc. successfully completed its business combination with Ares Acquisition Corporation II (AACT), a publicly traded special purpose acquisition company. The business combination was approved by AACT shareholders on September 23, 2025. In connection with the closing, AACT was renamed Kodiak AI. Kodiak AI’s common stock and public warrants began trading on Nasdaq on September 25, 2025, under the ticker symbols “KDK” and “KDKRW,” respectively. Wilson Sonsini Goodrich & Rosati advised Kodiak AI on the transaction.
Client Highlights
6.12.25
Wilson Sonsini Advises Chime on IPO
On June 11, 2025, leading consumer financial technology company Chime announced the pricing of its initial public offering of its Class A common stock at $27.00 per share. Chime sold 25,900,765 shares in the offering and certain existing stockholders of Chime sold 6,099,235 shares in the offering. Wilson Sonsini Goodrich & Rosati is advising Chime on the transaction.
Client Highlights
4.16.25
Firm Advises Kodiak Robotics on Business Combination with Ares Acquisition Corporation
On April 14, 2025, Kodiak Robotics, Inc., a leading provider of AI-powered autonomous vehicle technology, and Ares Acquisition Corporation II (AACT), a publicly traded special purpose acquisition company, announced they have entered into a definitive business combination agreement through which Kodiak will become a publicly listed company. AACT is an affiliate of Ares Management Corporation (Ares). Wilson Sonsini Goodrich & Rosati is advising Kodiak on the transaction.
The proposed business combination ascribes a pre-money equity value of $2.5 billion to Kodiak. The combined company is expected to receive approximately $551 million of cash held in AACT’s trust account at closing, assuming no redemptions of existing AACT shares and based on trust value per share as of December 31, 2024. Additionally, certain institutional investors, including affiliates of Soros Fund Management, ARK Investments, and Ares, have invested or committed over $110 million to support the transaction.
The proposed business combination ascribes a pre-money equity value of $2.5 billion to Kodiak. The combined company is expected to receive approximately $551 million of cash held in AACT’s trust account at closing, assuming no redemptions of existing AACT shares and based on trust value per share as of December 31, 2024. Additionally, certain institutional investors, including affiliates of Soros Fund Management, ARK Investments, and Ares, have invested or committed over $110 million to support the transaction.
Client Highlights
2.13.25
Wilson Sonsini Advises Intevac on Acquisition by Seagate
On February 13, 2025, Seagate Technology Holdings plc, a leading innovator of mass-capacity data storage, and Intevac, Inc., a supplier of thin-film processing systems, announced that Seagate has entered into a definitive agreement to acquire Intevac in an all-cash transaction for $4.00 per share. Wilson Sonsini Goodrich & Rosati has represented Intevac for decades and advised the company in connection with this acquisition.
In connection with the closing of the transaction, Intevac will pay a one-time special dividend of $0.052 per share. Separately, Intevac’s board of directors has declared a regular quarterly dividend of $0.05 per share, which will be paid on March 13, 2025, to Intevac stockholders of record as of February 28, 2025. The transaction and the special dividend deliver aggregate consideration to Intevac stockholders of $4.052 per share, or $4.102 per share including Intevac’s regular quarterly dividend. This represents a premium of 45 percent to Intevac’s closing price of $2.83 per share on December 11, 2024, one day prior to Intevac’s announcement that it had renewed its focus on pursuing strategic options; a premium of approximately 21 percent to Intevac’s closing price of $3.38 per share on February 12, 2025; and an aggregate value of approximately $119 million, including both dividends.
In connection with the closing of the transaction, Intevac will pay a one-time special dividend of $0.052 per share. Separately, Intevac’s board of directors has declared a regular quarterly dividend of $0.05 per share, which will be paid on March 13, 2025, to Intevac stockholders of record as of February 28, 2025. The transaction and the special dividend deliver aggregate consideration to Intevac stockholders of $4.052 per share, or $4.102 per share including Intevac’s regular quarterly dividend. This represents a premium of 45 percent to Intevac’s closing price of $2.83 per share on December 11, 2024, one day prior to Intevac’s announcement that it had renewed its focus on pursuing strategic options; a premium of approximately 21 percent to Intevac’s closing price of $3.38 per share on February 12, 2025; and an aggregate value of approximately $119 million, including both dividends.
Client Highlights
1.11.24
Wilson Sonsini Advises Transphorm on $339 Million Acquisition by Renesas
On January 11, 2024, Renesas Electronics Corporation (Renesas, TSE: 6723), a premier supplier of advanced semiconductor solutions, and Transphorm, Inc. (Transphorm, Nasdaq: TGAN), a global leader in robust gallium nitride (GaN) power semiconductors, announced that they had entered into a definitive agreement pursuant to which a subsidiary of Renesas will acquire all outstanding shares of Transphorm’s common stock for $5.10 per share in cash, for a transaction value of approximately $339 million. Wilson Sonsini Goodrich & Rosati advised Transphorm on the transaction.
Client Highlights
8.09.23
Wilson Sonsini Advises Treehouse in $10 Million Series Seed Funding
On August 9, 2023, Treehouse, an electrification company that delivers turnkey installations for home EV charging, announced it has secured $10 million in funding. The round was led by Montage Ventures and Trucks Venture Capital, with participation from CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, Holman, and Automotive Ventures. Wilson Sonsini Goodrich & Rosati advised Treehouse on the transaction.
Treehouse’s mission is to simplify electrification through software-enabled Installation-as-a-Service, empowering people to live more sustainable lives and accelerating the decarbonization of the places we live and work. The funds from the round will be used to expand Treehouse's Installation-as-a-Service offering to more than 30 states in the next 12 months, while investing in software that can expand the offering to other electrification products.
The Wilson Sonsini team that advises Treehouse on the transaction includes Rezwan Pavri, Lester Ang, Helen Qi, and Sean Mihaljevich.
Treehouse’s mission is to simplify electrification through software-enabled Installation-as-a-Service, empowering people to live more sustainable lives and accelerating the decarbonization of the places we live and work. The funds from the round will be used to expand Treehouse's Installation-as-a-Service offering to more than 30 states in the next 12 months, while investing in software that can expand the offering to other electrification products.
The Wilson Sonsini team that advises Treehouse on the transaction includes Rezwan Pavri, Lester Ang, Helen Qi, and Sean Mihaljevich.
Client Highlights
10.04.22
Wilson Sonsini Advises Committee of Atlassian Board of Directors in Company’s Redomiciliation to the U.S.
On October 3, 2022, Atlassian Corporation, a leading provider of team collaboration and productivity software, announced the completion of the company’s redomiciliation from the United Kingdom to the United States. The High Court of Justice in England and Wales sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the Scheme) pursuant to which Atlassian Corporation has become the new Delaware incorporated holding company of Atlassian Corporation Plc and its subsidiaries. Following the delivery on September 30, 2022 of the Court Order to the Registrar of Companies in the United Kingdom, the Scheme became effective. Wilson Sonsini Goodrich & Rosati advised a committee of the Atlassian board of directors that oversaw the transaction.
Client Highlights
9.09.22
Wilson Sonsini Advises Grid Dynamics in Pricing of $115 Million Underwritten Public Offering
On September 8, 2022, Grid Dynamics, a leader in enterprise-level digital transformation, announced the pricing of an underwritten public offering of 5,714,286 shares of its common stock at a price to the public of $17.50 per share pursuant to an effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission. In addition, Grid Dynamics has granted the underwriters a 30-day option to purchase up to an additional 857,142 shares of its common stock.
Client Highlights
4.25.22
Wilson Sonsini Advises Twitter on $44 Billion Acquisition by Elon Musk
On April 25, 2022, Twitter, Inc. announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Wilson Sonsini advised Twitter on the transaction.