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4.06.26
Wilson Sonsini Advises Soleno Therapeutics on $2.9 Billion Acquisition by Neurocrine
On April 6, 2026, Neurocrine Biosciences and Soleno Therapeutics announced that Neurocrine has entered into a definitive agreement to acquire Soleno for $53.00 per share in cash, representing a total transaction equity value of $2.9 billion. Wilson Sonsini Goodrich & Rosati is advising Soleno on the transaction.
Client Highlights
12.03.25
Wilson Sonsini Advises Serent Capital on Recapitalization and Exit from Axiom Medical
On December 3, 2025, Serent Capital, a growth-focused private equity firm, announced the successful recapitalization of Axiom Medical, a leading provider of technology-enabled workplace injury management and employee health solutions. After a seven-year partnership with Serent Capital, Axiom Medical has received a strategic growth investment from NMS Capital to support its next phase of expansion. Wilson Sonsini Goodrich & Rosati advised Serent Capital on the transaction.
The Wilson Sonsini team that advised Serent Capital on the transaction included:
M&A
Rob Ishii
Catherine Riley Tzipori
David Adler
Elia Perez Villamarin
Yifeng Li
Eric Conner
Tax
Jonathan Zhu
Derek Wallace
Han Shen
Antitrust and Competition
Ben Labow
Kimberley Biagioli
Julio Albornoz
Technology Transactions
Barath Chari
Morgan Kasenchak
Brittany Von Rueden
Stephanie Stark
Employee Benefits and Compensation
Sriram Krishnamurthy
Matthew Norgard
Madeleine Boshart
Jason Chan
Laura Yun
Employment
Nedim Novakovic
Data, Privacy, and Cybersecurity
Matt Staples
Daniel Chen
Chany Kim
Regulatory
Jodi Daniel
Andrea Linna
Nawa Lodin
For more information, please see Serent’s news release.
The Wilson Sonsini team that advised Serent Capital on the transaction included:
M&A
Rob Ishii
Catherine Riley Tzipori
David Adler
Elia Perez Villamarin
Yifeng Li
Eric Conner
Tax
Jonathan Zhu
Derek Wallace
Han Shen
Antitrust and Competition
Ben Labow
Kimberley Biagioli
Julio Albornoz
Technology Transactions
Barath Chari
Morgan Kasenchak
Brittany Von Rueden
Stephanie Stark
Employee Benefits and Compensation
Sriram Krishnamurthy
Matthew Norgard
Madeleine Boshart
Jason Chan
Laura Yun
Employment
Nedim Novakovic
Data, Privacy, and Cybersecurity
Matt Staples
Daniel Chen
Chany Kim
Regulatory
Jodi Daniel
Andrea Linna
Nawa Lodin
For more information, please see Serent’s news release.
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
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
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
7.02.25
Wilson Sonsini Advises Grammarly on Acquisition of Superhuman
On July 1, 2025, Grammarly, the trusted AI assistant for communication and productivity, announced its intent to acquire Superhuman, an AI-native email platform that helps users respond one to two days faster and save four hours per week on email communications. Wilson Sonsini Goodrich & Rosati is advising Grammarly on the transaction.
Client Highlights
6.30.25
Wilson Sonsini Advises Clio on $1 Billion Acquisition of vLex
On June 30, 2025, Clio, the world's leading provider of legal technology, announced it has signed a definitive agreement to acquire vLex, a pioneer in legal intelligence that combines cutting-edge AI with the world's most comprehensive global legal research platform. The transaction is valued at $1 billion and will be paid in a combination of cash and stock. Wilson Sonsini Goodrich & Rosati is advising Clio 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
3.25.25
Wilson Sonsini Advises Napster on $207 Million Acquisition by Infinite Reality
On March 25, 2025, Infinite Reality™ (iR), an innovation company powering the next generation of digital media and ecommerce through extended reality, artificial intelligence, and other immersive technologies, announced that the company has entered into a definitive agreement to acquire the iconic online music brand Napster for $207 million. Wilson Sonsini Goodrich & Rosati advised Napster on the transaction.
Client Highlights
12.20.24
Wilson Sonsini Advises Grammarly on Acquisition of Coda
On December 17, 2024, Grammarly, the trusted AI assistant, announced its intent to acquire productivity platform Coda, with Coda's CEO and co-founder Shishir Mehrotra set to become the new CEO of Grammarly. The addition of Coda’s flexible and powerful AI tools and surfaces aims to transform Grammarly into an AI productivity platform for apps and agents where customers can unlock access to company knowledge, generative AI chat, a productivity suite, and capable, trusted AI agents to work smarter and faster. “The acquisition of Coda is a big step toward achieving our vision of a world where humans and AI work together everywhere work happens,” said Grammarly co-founder Alex Shevchenko.