Insights
Search Results
Client Highlights
5.05.26
Wilson Sonsini Advises Lattice Semiconductor on $1.65 Billion Acquisition of AMI
On May 4, 2026, Lattice Semiconductor announced it has entered into a definitive agreement with THL Partners to acquire AMI, a leader in platform firmware and infrastructure manageability for cloud and AI. The planned acquisition advances Lattice Semiconductor’s strategy to expand its position in server, AI, and cloud applications spanning hardware, security, manageability, and control. Wilson Sonsini Goodrich & Rosati is advising Lattice Semiconductor 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
5.09.25
Wilson Sonsini Advises AppLovin on Agreement to Sell Mobile Gaming Business to Tripledot
AppLovin Corporation, a leading marketing platform, announced the entry into a definitive agreement to sell its mobile gaming business to Tripledot for $400.0 million in cash consideration and equity consideration representing approximately 20% of Tripledot. The deal is anticipated to close in the second quarter of 2025, pending regulatory approvals. Wilson Sonsini Goodrich & Rosati advised AppLovin 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
12.10.24
Wilson Sonsini Advises Initial Purchasers in Rule 144A Offering of $1.4 Billion of BILL Convertible Senior Notes
On December 6, 2024, BILL Holdings announced the successful completion of an offering of $1.4 billion aggregate principal amount of 0% convertible senior notes due 2030 in a Rule 144A offering. The offering amount included the exercise in full of the option that BILL had granted to the initial purchasers to purchase up to an additional $150 million of notes.
Client Highlights
3.06.24
Wilson Sonsini Advises AppLovin on Secondary Public Offering and Concurrent Share Repurchase
On February 29, 2024, AppLovin Corporation, a leading marketing platform, announced the pricing of an underwritten registered secondary offering of 19,866,397 shares of its Class A common stock by KKR Denali Holdings L.P. (the selling stockholder), at a price to the public of $56.00 per share. In addition, AppLovin agreed to repurchase from the underwriters approximately $570.0 million of the shares of Class A common stock being offered in the offering at the same per share price to be paid by the underwriters to the selling stockholder in the offering. Wilson Sonsini Goodrich & Rosati advised AppLovin on the transaction.
Client Highlights
3.01.24
Wilson Sonsini Advises Lyft on Private Offering of $460 Million Convertible Senior Notes
On February 27, 2024, Lyft, a leading rideshare company, closed its convertible senior note private offering of $460 million aggregate principal amount due 2029, which included the full exercise by the initial purchasers of their overallotment option to purchase an additional $60 million of notes. Wilson Sonsini Goodrich & Rosati represented Lyft on the transaction.
Client Highlights
2.20.24
Wilson Sonsini Advises VIZIO on $2.3 Billion Acquisition by Walmart
On February 20, 2024, Walmart and VIZIO announced that they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, for an equity value of approximately $2.3 billion. Wilson Sonsini Goodrich & Rosati advised VIZIO on the transaction.
Client Highlights
7.05.23
Wilson Sonsini Advises Underwriters in Nextracker’s $662.5 Million Offering of Class A Common Stock
On June 28, 2023, Nextracker Inc. announced that it priced its combined primary (synthetic secondary) and secondary underwritten public offering of 16,500,000 Class A common stock offered by Nextracker and certain selling stockholders, at an offering price of $36.50 per share. In addition, Nextracker granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of Class A common stock at the offering price of $36.50, less underwriting discounts and commissions, which the underwriters exercised on June 29, 2023. The offering closed on July 3, 2023.
Client Highlights
2.13.23
Wilson Sonsini Advises Sumo Logic on $1.7 Billion Acquisition by Francisco Partners
On February 9, 2023, Sumo Logic, a SaaS analytics platform to enable reliable and secure cloud-native applications, announced that it has entered into a definitive agreement to be acquired by affiliates of Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, for $12.05 per share in cash. The all-cash transaction values Sumo Logic at an aggregate equity valuation of approximately $1.7 billion.
Client Highlights
2.10.23
Wilson Sonsini Advises Underwriters in Nextracker’s Upsized Initial Public Offering
On February 8, 2023, Flex Ltd. announced that its subsidiary, Nextracker Inc., priced its upsized initial public offering of 26,600,000 shares of its Class A common stock at an initial public offering price of $24 per share. The common stock began trading on the Nasdaq Global Select Market under the ticker symbol "NXT" on February 9, 2023 and the offering is expected to close on February 13, 2023, subject to customary closing conditions. In addition, Nextracker granted the underwriters a 30-day option to purchase up to an additional 3,990,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions, which the underwriters exercised on February 9, 2023. Wilson Sonsini Goodrich & Rosati is representing the underwriters in the transaction.
J.P. Morgan, BofA Securities, Citigroup, and Barclays are acting as joint lead book-running managers for the offering. Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank, and KeyBanc Capital Markets are acting as joint book-running managers for the offering. SMBC Nikko, BTIG, UniCredit, Roth Capital Partners, and Craig-Hallum are acting as co-managers for the offering. PJT Partners is serving as independent financial advisor to Flex Ltd. in the offering.
J.P. Morgan, BofA Securities, Citigroup, and Barclays are acting as joint lead book-running managers for the offering. Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank, and KeyBanc Capital Markets are acting as joint book-running managers for the offering. SMBC Nikko, BTIG, UniCredit, Roth Capital Partners, and Craig-Hallum are acting as co-managers for the offering. PJT Partners is serving as independent financial advisor to Flex Ltd. in the offering.
Client Highlights
2.24.22
Wilson Sonsini Represents Wildtype in $100 Million Series B
On February 23, 2022, Wildtype, a start-up creating sushi-grade cultivated salmon, announced the completion of a $100 million Series B funding round, the largest for a cultivated seafood company. Wildtype launched in 2016 with a mission to help transform the food system by offering consumers "the most sustainable seafood on earth." Wildtype's salmon is free of mercury, microplastics, antibiotics, and other common contaminants. The round was led by L Catterton, and includes investments from Leonardo DiCaprio, Bezos Expeditions, Temasek, S2G Ventures Oceans and Seafood Fund, Robert Downey Jr.'s FootPrint Coalition, Cargill, and several prominent chefs and professional athletes. Existing investors, including Spark Capital and CRV, participated in the round. Wilson Sonsini Goodrich & Rosati represented Wildtype in the transaction.