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5.20.26
Wilson Sonsini Advises Armada on $230 Million Series B
On May 19, 2026, Armada, the world’s first full-stack edge computing platform, revolutionizing connectivity, compute, and AI solutions where they’re needed most, announced that it has raised $230 million in an oversubscribed Series B financing at a $2 billion valuation. The round, which brings the company’s total funding to nearly half a billion dollars, was co-led by Overmatch, BlackRock, and 8090 Industries. Wilson Sonsini Goodrich & Rosati advised Armada on the transaction.
New strategic investors BlackRock, Johnson Controls, NightDragon, Mitsui, and Singtel Innov8 participated in the Series B round alongside existing investors including Overmatch, 8090 Industries, Felicis, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Silent Ventures, Veriten, and Gladebrook. Armada will use the proceeds from the Series B to accelerate deployment of the U.S. AI stack and support customer demand growth across industries.
The Wilson Sonsini team that advised Armada on the transaction included Rezwan Pavri, Colin Conklin, Richa Sharma, Isaac Reed, and Jiyoon Song.
For more information, please see Armada’s news release.
New strategic investors BlackRock, Johnson Controls, NightDragon, Mitsui, and Singtel Innov8 participated in the Series B round alongside existing investors including Overmatch, 8090 Industries, Felicis, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Silent Ventures, Veriten, and Gladebrook. Armada will use the proceeds from the Series B to accelerate deployment of the U.S. AI stack and support customer demand growth across industries.
The Wilson Sonsini team that advised Armada on the transaction included Rezwan Pavri, Colin Conklin, Richa Sharma, Isaac Reed, and Jiyoon Song.
For more information, please see Armada’s news release.
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
4.07.26
Wilson Sonsini Advises Micron Technology on Completed Cash Tender Offers for Outstanding Senior Notes
On April 1, 2026, Micron Technology, an industry leader in innovative memory and storage solutions, announced that its previously announced cash tender offers to purchase any and all of certain series of its outstanding senior notes, expired at 5:00 p.m. ET on March 31, 2026. Wilson Sonsini Goodrich & Rosati advised Micron on the transaction.
Client Highlights
3.26.26
Firm Advises Neon on $25 Million Seed Round
On March 25, 2026, Neon, a consumer platform that allows people to monetize their personal data, announced that it has raised over $25 million in combined equity and credit from Lightspeed Venture Partners, Upper90, Upfront Ventures, and other investors. This new capital will bring Neon’s total funding to nearly $27 million, following a $1.5 million pre-seed round that was led by Upfront, with participation from Wilson Sonsini Goodrich & Rosati and Xfund. Wilson Sonsini advised Neon on the transaction.
Client Highlights
2.13.26
Firm Advises Microchip Technology on Offering of $900 Million of Convertible Senior Notes
On February 11, 2026, Microchip Technology completed an offering of $900 million aggregate principal amount of convertible senior notes due 2030 in a private transaction. The offering amount included the exercise in full of the option that Microchip had granted to the initial purchasers to purchase up to an additional $100 million of notes. In connection with the offering, Microchip entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and other financial institutions.
Client Highlights
12.17.25
Wilson Sonsini Advises Nutanix on $300 Million Accelerated Share Repurchase Program
On December 17, 2025, Nutanix, Inc., a leader in hybrid multicloud computing, announced that it had entered into an accelerated share repurchase (ASR) agreement with Bank of America. Wilson Sonsini Goodrich & Rosati advised Nutanix on the transaction.
Client Highlights
8.20.25
Wilson Sonsini Advises Upstart on $690 Million Convertible Senior Notes Offering
On August 14, 2025, Upstart Holdings, Inc. completed an upsized offering of $690 million aggregate principal amount of convertible senior notes due 2032 in a private transaction. The offering amount included the exercise in full of the option that Upstart had granted to the initial purchasers to purchase up to an additional $90 million of notes. In connection with the offering, Upstart entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and other financial institutions.
Client Highlights
8.06.25
Wilson Sonsini Advises Armada on $131 Million Strategic Funding Round
On July 24, 2025, edge computing company Armada announced a $131 million strategic funding round with new investors, including Pinegrove, Veriten, and Glade Brook, as well as participation from existing investors, including Founders Fund, Lux Capital, Shield Capital, 8090 Industries, M12 (Microsoft's Venture Fund), Overmatch, Silent Ventures, Felicis, and Marlinspike. The latest investment round coincides with Armada’s launch of Leviathan, a first-of-its-kind ruggedized modular data center solution designed for fast, flexible deployment, enabling megawatt-scale computing power in the world's most contested and communications-challenged areas. Wilson Sonsini Goodrich & Rosati advised Armada on the transaction.
Client Highlights
7.21.25
Wilson Sonsini Advises Cloudflare on $2.0 Billion Convertible Senior Notes
On June 17, 2025, Cloudflare, Inc. issued $2.0 billion aggregate principal amount of 0% Convertible Senior Notes due 2030. The offering amount included the exercise in full of the option that Cloudflare had granted to the initial purchasers to purchase up to an additional $250 million of notes. In connection with the offering, Cloudflare entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and other financial institutions.
Client Highlights
7.09.25
Wilson Sonsini Advises Zscaler on $1.725 Billion Convertible Senior Notes Offering
On July 3, 2025, Zscaler, Inc. issued $1.725 billion aggregate principal amount of 0.00% convertible senior notes due 2028. The offering amount included the exercise in full of the option that Zscaler had granted to the initial purchasers to purchase up to an additional $225 million of notes. In connection with the offering, Zscaler entered into privately negotiated capped call transactions with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions.
Client Highlights
3.25.25
Wilson Sonsini Advises Microchip on Offering of $1.48 Billion of Depositary Shares
On March 25, 2025, Microchip Technology completed a mandatory convertible preferred stock offering of $1.48 billion of depositary shares, each representing a 1/20th interest in a share of 7.50% Series A Mandatory Convertible Preferred Stock, in an underwritten public offering. The offering amount included the exercise in full of the over-allotment option that Microchip had granted to the underwriters to purchase up to an additional $135 million of depositary shares. In connection with the offering, Microchip entered into privately negotiated capped call transactions with one or more of the underwriters and other financial institutions. Microchip is one of the first technology companies to use this mandatory convertible preferred stock structure with a capped call feature.
Client Highlights
12.16.24
Wilson Sonsini Represents Microchip in $2 Billion Investment Grade Notes Offering
On December 16, 2024, Microchip Technology Incorporated (Microchip) priced an offering of (i) $1 billion in aggregate principal amount of its 4.900 percent senior notes due 2028 (2028 notes), and (ii) $1 billion in aggregate principal amount of its 5.050 percent senior notes due 2030 (2030 notes, together with 2028 notes, “the notes”). The notes are and will be guaranteed by each of Microchip's existing and future subsidiaries that is or becomes an obligor under Microchip's existing senior credit facilities. The sale of the notes closed on December 16, 2024. Microchip intends to use the net proceeds from the sale of the notes to repay its senior term loan facility, a portion of the debt outstanding under its commercial paper program and the payment of fees and expenses related to the offering of the notes.