Rachel M. Burns works with emerging and high-growth companies and their investors in connection with entity formation, organization and governance, venture capital financing, M&A and public offerings. She represents companies in a wide range of industries.
Cooley advised Motive, a leading automated operations platform for the physical economy, on its $150 million Series F financing round, bringing the company’s valuation to $2.85 billion. Lawyers Rachel Burns and Rachel Proffitt led the Cooley team advising Motive.
Cooley advised Gusto, a San-Francisco based payroll software company, on its agreement to acquire Symmetry, a longtime leader in payroll infrastructure technology. Cooley Partner Laura Medina led the team advising Gusto.
Cooley advised Vera Therapeutics on its $47.85 million initial public offering of 4,350,000 shares of class A common stock. Vera Therapeutics, whose securities now trade on the Nasdaq Global Market under the symbol VERA, is a clinical-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases. Partners Jodie Bourdet and Carlton Fleming led the Cooley team.
Origin to List on Nasdaq via SPAC Merger With Artius
March 2, 2021
Cooley advised Origin, the world’s leading carbon negative materials company, on its agreement to combine with Artius, a publicly traded special purpose acquisition company or SPAC. The combined company, which is expected to have an equity value of approximately $1.8 billion, will be named Origin Materials and remain listed on the Nasdaq under the new ticker symbol “ORGN.” Partners Garth Osterman and Peter Werner led the Cooley team advising Origin.
Metromile to Combine With INSU Acquisition Corp. II, a Special Purpose Acquisition Company
February 10, 2021
Cooley advised digital insurance platform and pay-per-mile auto insurer Metromile on its agreement to combine with INSU Acquisition Corp. II, a publicly traded special purpose acquisition company or SPAC. The combined company will remain publicly listed on Nasdaq and have an implied estimated market capitalization of $1.3 billion, with the closing expected in Q1 2021. Partners Garth Osterman and Rachel Proffitt led the Cooley team advising Metromile on the transaction.