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5.22.26
SEC Adds New Jurisdictions to FPI Section 16(a) Relief: Australia, India, and Singapore
On May 20, 2026, the SEC issued an exemptive order relieving directors and officers of certain foreign private issuers from the Section 16(a) reporting requirements of the Securities Exchange Act of 1934. The order expanded the list of qualifying jurisdictions (and corresponding qualifying regulations) to include Australia, India, and Singapore.
Blog Posts
5.21.26
SEC Proposes Significant Reforms to Filer Status and Registered Offering Frameworks
On May 19, 2026, the SEC proposed two significant rulemakings: 1) Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies and 2) Registered Offering Reform. This blog post summarizes aspects of each proposal.
Alerts
5.15.26
Takeaways from the Maduro Raid Prediction Market Indictment
On April 23, 2026, the Commodity Futures Trading Commission (CFTC) and the U.S. Attorney’s Office for the Southern District of New York (SDNY) brought parallel civil and criminal charges against U.S. Army Master Sergeant Gannon Ken Van Dyke related to insider trading in connection with event contracts used in prediction markets. The civil complaint marks the first-ever insider trading case brought by the CFTC involving event contracts in prediction markets.
Alerts
5.13.26
SEC Proposes Optional Semiannual Reporting Framework
On May 5, 2026, the U.S. Securities and Exchange Commission (the SEC or Commission) issued proposed rule and form amendments that would, if adopted as proposed, allow public companies to file a semiannual report on new Form 10-S in lieu of three quarterly reports on Form 10-Q each fiscal year. The proposal would amend Rules 13a-13 and 15d-13 of the Securities Exchange Act of 1934 (the Exchange Act) and make a series of conforming amendments across SEC rules and forms to enable existing public companies and companies going public to elect semiannual reporting.
Blog Posts
5.06.26
SEC Issues Semiannual Reporting Proposal
On May 5, 2026, the SEC announced that it issued proposed rule and form amendments that would give public companies the option to move away from quarterly reporting toward a semiannual reporting model. This blog post provides a summary of the proposed amendments.
Client Highlights
4.14.26
Wilson Sonsini Advises Special Committee of the Board in Globalstar's Acquisition by Amazon
On April 14, 2026, Amazon and Globalstar announced they have entered into a definitive merger agreement under which Amazon will acquire Globalstar, a leading mobile satellite services (MSS) operator, a pioneer in non-geostationary orbit (NGSO) satellites and D2D technology, and a provider of critical and emergency communications to customers around the world. Wilson Sonsini Goodrich & Rosati is representing the special committee of Globalstar’s board of directors on the transaction.
Client Highlights
4.09.26
Wilson Sonsini Advises Forte Biosciences on $150 Million Public Offering
On April 8, 2026, Forte Biosciences, Inc., a clinical-stage biopharmaceutical company focused on autoimmune and autoimmune-related diseases, announced the pricing of a public offering of 5,709,936 shares of its common stock at a price to the public of $26.27 per share. The gross proceeds from the offering are expected to be approximately $150 million before deducting underwriting discounts and commissions and other offering expenses. Wilson Sonsini Goodrich & Rosati advised Forte Biosciences on the transaction.
Client Highlights
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.
Blog Posts
4.02.26
New SEC Staff Guidance Brings Welcome Certainty to ATM Offerings
On March 19, 2026, the SEC’s Division of Corporation Finance issued new Corporation Finance Interpretation 116.26, providing guidance for issuers conducting at-the-market offerings (ATMs) under Form S-3. For public companies, this guidance reduces uncertainty around ATM execution and capital planning.
Alerts
3.10.26
SEC Issues Exemptive Order for Section 16 Reports by Directors and Officers of Certain FPIs; Staff Issues New Guidance
On March 5, 2026, the U.S. Securities and Exchange Commission (SEC or Commission) issued an exemptive order relieving directors and officers of certain foreign private issuers (FPIs) from the Section 16(a) reporting requirements of the Securities Exchange Act of 1934 (Exchange Act). This relief applies to directors and officers filing reports under certain qualifying regulations in the jurisdictions identified in the order, subject to specific conditions.
Alerts
3.03.26
Reporting Season Alert: Five Key Considerations for Proxy Season
With the 2026 proxy season upon us, companies are finalizing annual meeting materials against a backdrop of shifting investor priorities, evolving engagement dynamics, and regulatory uncertainty. This alert highlights governance, disclosure, and engagement considerations for companies preparing for their 2026 annual meetings.1 Below are five key considerations as you finalize preparations.
Client Highlights
3.03.26
Wilson Sonsini Advises Lumentum on Strategic Partnership and Related $2 Billion Equity Investment from NVIDIA
On March 2, 2026, Lumentum, a leader in optical and photonic technologies, and NVIDIA announced their multiyear strategic agreements to accelerate innovation in advanced optics technologies and NVIDIA’s $2 billion equity investment in Lumentum to support R&D, future capacity and operations as Lumentum builds out its U.S.-based manufacturing capabilities in a new fab. This expanded collaboration will draw on the strengths of NVIDIA’s leadership in AI, accelerated computing and networking, and Lumentum’s leadership in optics and advanced manufacturing. Wilson Sonsini Goodrich & Rosati advised Lumentum on the transaction.