Alert 04.01.25
SEC Ends Its Climate-Related Disclosure Requirements
The Securities and Exchange Commission ends its defense of climate-related disclosure requirements for public companies.
Corporate and Securities partner and global leader of Pillsbury’s Capital Markets and Public Companies practice, Davina Kaile has guided public companies and late-stage private companies across a wide range of sectors, including technology, e-commerce, life sciences, financial services and retail in many high-profile, multibillion- and multimillion-dollar deals.
Davina has extensive experience in capital markets transactions, IPOs, mergers and acquisitions and tender offers, reverse mergers, divestitures, going private transactions, SPAC and deSPAC transactions, SEC reporting and compliance, stockholder engagement and proxy matters, Section 16 and 13 reporting, and corporate governance and general corporate matters. She represents issuers, underwriters and placement agents in IPOs and follow-on offerings, shelf, registered direct, and confidentially marketed public offerings and other equity financing transactions, including Rights Offerings, PIPE, ATM, and equity line transactions, and represents acquirors, acquirees, and financial advisors in mergers and acquisitions, tender offers, strategic investments and divestitures, and de-SPAC transactions. Davina also has extensive experience advising on ‘33 and ‘34 Act reporting and compliance, proxy matters, stock exchange compliance and initiatives, and corporate governance issues, including in connection with the Sarbanes-Oxley Act and Dodd-Frank Act.
Representative Experience
- Represented 1stdibs.com Inc. in its $132 million IPO with an underwriting group managed by BofA Securities and Barclays.
- Represented Coursera Inc. in its $519 million IPO with an underwriting group managed by Morgan Stanley & Co. and Goldman Sachs & Co.
- Represented TD SYNNEX Corporation in its recent $606.3 million secondary public offering, its $1.31 billion secondary public offering, its $885 million secondary public offering, its $745 million secondary public offering, and its $87.3 million secondary public offering.
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- Represented Quantum in its $67.5 million oversubscribed Rights Offering, a deal honored as the 2022 Best Governance Around a Corporate Transaction by Corporate Secretary.
- Represented Rockley Photonics, Ltd. in its $1.2 billion merger with special purpose acquisition company SC Health Corp., resulting in Rockley becoming a publicly traded company on the NYSE (also represented Rockley in its $150 million financing as part of its merger with a SPAC, which was led by top-tier institutional investors, including Senvest Management LLC and UBS O’Connor and participation from Medtronic).
- Represented Movella Inc. in its $537 million business combination with special purpose acquisition company Pathfinder Acquisition Corp., resulting in Movella becoming a publicly traded company on the Nasdaq Stock Market.
- Represented Interactive Strength Inc. (FORME) in its $12 million IPO.
- Represented Atlantic Coastal Acquisition Corp. in its $345 million IPO.
- Represented SiTime in its $57 million IPO.
- Represented the underwriters in Aquantia’s IPO.
- Represented founder in connection with the formation of a joint venture, FaZe Media.
- Represented SYNNEX Corporation in its $7.2 billion merger with Tech Data Corporation.
- Representing Everi Holdings Inc. in the definitive agreements for a combination of Everi and the gaming businesses of International Game Technology PLC (IGT) to be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. for approximately $6.3 billion on a combined basis.
- Represented Everi Holdings Inc. in its definitive agreements with International Game Technology PLC for approximately $6.2 billion.
- Represented Inphi Corp. in its $82 million IPO with an underwriting group managed by Morgan Stanley & Co., Deutsche Bank Securities and Jefferies, its subsequent follow-on offering, and its $126 million acquisition of Cortina Systems Inc.
- Represented CafePress Inc. in its $85 million IPO.
- Represented Applied Micro Circuits Corporation in its $770 million acquisition by MACOM Technology Solutions Holdings, Inc.
- Represented PLX Technology Inc. in its $309 million acquisition by Avago Technologies Ltd.
- Represented Financial Engines Inc. in its $127 million IPO with an underwriting group managed by Goldman Sachs & Co., its $560 million acquisition of The Mutual Fund Store, and a $182 million secondary offering.
- Represented SunPower Corporation in its $138.6 million IPO with an underwriting group led by Credit Suisse First Boston.
- Represented WebEx Communications, Inc. in its $49 million IPO with an underwriting group managed by Goldman Sachs & Co. and Deutsche Bank Alex. Brown.
- Represented SupportSoft (formerly Support.com) in its $59.5 million IPO with an underwriting group lead by Credit Suisse First Boston and its $72 million follow-on offering with an underwriting group led by Deutsche Bank Securities.
- Represented Network Solutions Inc., a subsidiary of SAIC, in its $59.4 million equity carve-out IPO, as well as in its $778.6 million and $1.9 billion follow-on offerings.
- Represented investment banks on a wide range of equity and debt financings, including:
- Barclays
- Deutsche Bank
- Goldman Sachs
- J.P. Morgan
- Jefferies
- Morgan Stanley
- Stifel Nicolaus
- UBS Securities
- Worked on a number of notable issuer-side IPOs and follow-on offerings, including for:
- 1stdibs.com Inc.
- Coursera Inc.
- Financial Engines Inc.
- Atheros Communications Inc.
- WebEx Communications Inc.
- PortalPlayer Inc.
- SiRF Technology Holdings Inc.
- Inphi Corporation
- Network Solutions Inc.
- SunPower Corporation
- SYNNEX Corporation
- SiTime Corporation
- Magma Design Automation Inc.
- SupportSoft Inc.
- Techwell Corporation
- CafePress Inc.
- Critical Path Inc.
- eGain Communications Corporation
Professional Highlights
- Recognized by Super Lawyers, The National Law Journal and PLC Which Lawyer?
- Served as Pillsbury’s Silicon Valley office managing partner and served as co-leader of the Corporate Securities – Technology practice.
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- Honors & Awards
- 40 Under 40, National Law Journal (2005)
- Associations
- American Bar Association
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Speaking Engagements
- “Catching up with Small Caps: Lessons Learned Going Public and Staying Public,” U.S. Securities and Exchange Commission’s 43rd Annual Small Business Forum, April 18, 2024.
- “IPO Readiness,” Good Revenue, DFN Strategy, March 26, 2024.
- “2022 California CLE & New York CLE Marathon Webinars,” Pillsbury CLE Marathons in California and New York, January 28, 2022.
- “A Primer on De-SPAC Transactions,” Pillsbury CLE Marathons in California and New York, January 26, 2022.
- “Aero Global 2021,” Pillsbury and Revolution.Aero, June 29, 2021.
- “Episode #21: SPAC Trends, Advantages and Obstacles,” The Pillsbury Industry Insights Podcast, October 16, 2020.
- “SPAC Market Update,” Pillsbury and J.P. Morgan, September 16, 2020.
- “Edtech Innovation Series: Fireside Chat with Coursera’s Shravan Goli,” Pillsbury and Coursera, Inc., July 16, 2020.
Education
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J.D., Georgetown University Law Center
A.B., Stanford University
Admissions
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California
Languages
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French