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11.07.24
Wilson Sonsini Advises BlackSky on $46 Million Follow-On Offering
On September 27, 2024, BlackSky Technology Inc., a real-time, space-based intelligence company, announced the closing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $4.00 per share. In addition, the underwriters fully exercised their option to purchase an additional 1,500,000 shares of common stock. BlackSky received total gross proceeds of approximately $46 million from this offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by BlackSky. All of the shares in the offering were sold by BlackSky. Wilson Sonsini Goodrich & Rosati advised BlackSky on the transaction.
Client Highlights
10.07.24
Wilson Sonsini Advises Aembit on $25 Million Series A
On September 12, 2024, Aembit, a leading non-human identity and access management (IAM) company, has secured $25 million in Series A funding, bringing its total capital raised to nearly $45 million. Acrew Capital led the round, with participation from existing investors Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund. Wilson Sonsini Goodrich & Rosati advised Aembit on the transaction.
Client Highlights
6.18.24
Wilson Sonsini Advises TravelPerk on Acquisition of AmTrav
On June 18, 2024, TravelPerk, the hyper-growth global business travel management platform, announced its acquisition of the industry-leading United States company AmTrav, doubling down on its expansion in the U.S. Wilson Sonsini Goodrich and Rosati advised TravelPerk on the transaction.
Both platforms will capitalize on proprietary tech, AI capabilities, and expanded resources to further expand in the U.S. The acquisition will see TravelPerk double its revenue in the U.S., following 65 percent year-over-year growth in the market in 2023. TravelPerk’s U.S.-based headcount and footprint expands to now include offices in Boston, Chicago, Los Angeles, and Miami. AmTrav will operate under the same brand, and the entire team will continue with the business going forward.
Both platforms will capitalize on proprietary tech, AI capabilities, and expanded resources to further expand in the U.S. The acquisition will see TravelPerk double its revenue in the U.S., following 65 percent year-over-year growth in the market in 2023. TravelPerk’s U.S.-based headcount and footprint expands to now include offices in Boston, Chicago, Los Angeles, and Miami. AmTrav will operate under the same brand, and the entire team will continue with the business going forward.
Client Highlights
4.14.23
Wilson Sonsini Advises Ease on Acquisition by Employee Navigator
On April 4, 2023, Employee Navigator, the leading benefits administration and HR software solution for insurance brokers and employers, announced the acquisition of Ease, the leading broker-centric HR and benefits software solution for small businesses. The combined company will support over 150,000 businesses, more than 4,000 insurance brokers, a marketplace of 300 integrated partners and over 13 million employees in the U.S., making it one of the largest benefits administration and HR platforms in the country. Wilson Sonsini Goodrich & Rosati advised Ease on the transaction.