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2.17.26
Wilson Sonsini Advises nLIGHT on $201 Million Follow-On Offering
On February 5, 2026, nLIGHT, Inc., a leading provider of high-power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing applications, closed an underwritten public offering of 3,977,273 shares of its common stock at a public offering price of $44.00 per share. In addition, on February 9, 2026, nLIGHT closed the sale of an additional 596,590 shares of its common stock, at the same public offering price, pursuant to the full exercise of the underwriters’ option to purchase additional shares. The aggregate gross proceeds from the offering was approximately $201 million, before deducting the underwriting discounts and commissions and estimated offering expenses. Wilson Sonsini Goodrich & Rosati advised nLIGHT 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
5.21.25
Wilson Sonsini Advises Google on PIPE Investment in Warby Parker
On May 20, 2025, Warby Parker Inc., a direct-to-consumer lifestyle brand focused on vision for all, announced that Google has agreed to purchase up to $75 million of Warby Parker’s Class A common stock and/or Class C common stock, subject to the achievement of certain commercial milestones. Google is making the PIPE investment (private investment in public equity) in connection with its entry into a strategic partnership with Warby Parker to develop AI-powered glasses intended for all-day wear.
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.
Newsletters
2.22.24
2023 Technology and Life Sciences PIPE and RDO Report
Wilson Sonsini’s 2023 Technology and Life Sciences PIPE and RDO Report presents analysis related to 177 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, 2023. PIPEs and RDOs can be good alternatives to traditional underwritten offerings, particularly during periods of market volatility, because they can be negotiated discreetly and publicly announced after the parties agree to terms.
Client Highlights
12.01.23
Wilson Sonsini Advises Rover on $2.3 Billion Acquisition by Blackstone
On November 29, 2023, Blackstone Inc. announced the acquisition of Rover Group Inc., the world’s largest online marketplace for pet care, in an all-cash deal worth $2.3 billion. Wilson Sonsini Goodrich & Rosati advised Rover on the transaction.