Gould + Ratner

Ammara

Khan

Partner

Vice Chair, Corporate Practice

Ammara Khan pairs a sharp commercial mindset with a pragmatic approach, helping clients navigate complex challenges and seize new opportunities. She is deeply invested in their long-term success, channeling her experience and energy into delivering creative, efficient solutions that align with both immediate needs and broader strategic goals.

She focuses her practice on a variety of corporate law matters, assisting businesses with legal entity formation, raising capital—including private equity, venture capital and debt/financing—and various restructurings, redemptions, mergers and acquisitions, corporate lending, qualified opportunity zone funds, joint ventures and related matters. 

Ammara leads M&A deal teams of five to 10 professionals, managing multiple transactions valued between $10 million and $450 million in the commercial lending, leveraged buyout, M&A and venture capital space. In 2025, she was named a “Notable M&A Dealmaker” by Crain's Chicago Business. Serving as general counsel for many of her clients, she also drafts and negotiates service contracts, buy-sell agreements, and distribution agreements, and advises on incentive plans to attract key management, among other matters. 

A particular area of Ammara’s practice involves how businesses use and interact with artificial intelligence (AI). Holding a certificate from the Massachusetts Institute of Technology in Generative AI for Digital Transformation, she has helped clients with internal policies and operations relating to generative AI, machine learning and other data-related practices.  Ammara has also helped clients review and negotiate agreements with various AI companies and other software providers that use and develop various aspects of AI, including internal LLMs and other data-related projects.

Ammara also maintains involvement in the clean energy sector, advising both financing parties and operating entities in the clean energy, environmental, and social consciousness industries on matters such as waste heat recapture and solar energy, and she brings similar strategic guidance to various technology companies.

Beyond her client work, Ammara is co-chair of the Chicago Bar Association’s Financial and Emerging Technology Committee, curating programming on cutting-edge legal issues. She serves on Gould & Ratner’s AI Task Force Committee and is a member of Asian American Women Advancing AI, where she promotes diversity and innovation in the evolving tech law space.


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Connect with Ammara

(312) 899-1673 Office
(330) 883-2878 Mobile

Connect with Ammara

(312) 899-1673 Office
(330) 883-2878 Mobile

Credentials

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Education

  • Massachusetts Institute of Technology, Certificate – Generative AI for Digital Transformation
  • Case Western Reserve University School of Law, J.D.
  • Ohio State University, B.S., Accounting

Bar Admissions

  • Illinois

Key Cases or Transactions

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  • Represented private equity client in the $30 million acquisition of a Michigan-based industrial steel supply company.
  • Represented a real estate and alternative asset group in raising capital for an Illinois-based qualified opportunity zone fund.
  • Represented several borrowers in securing commercial financing transactions.
  • Represented a private equity fund in a $4.5 million Series A financing round.
  • Represented a Chicago-based insurance startup company in a $10 million Series A financing round.
  • Represented the lead investor of a battery technology company in a $10 million investment.
  • Represented the lead investor of a solar technology company in a $1 million add-on investment.
  • Represented a maritime transportation company in obtaining a $115M secured credit facility to refinance existing indebtedness.
  • Represented a privately-held company in a $211M acquisition of a maritime transportation company with the primary focus of transporting agricultural fertilizer.
  • Represented sole investor in $15M convertible debt round into infrastructure development company.
  • Represented Company in $15M Series A Funding in the artificial intelligence and biophysical simulation technology space.
  • Represented an investor in two separate investments in companies specializing in battery manufacturing intelligence solutions and machine learning analytics.
  • Represented lead investor in $1.2M Series A investment in Chicago based energy harvest start up.
  • Represented lead investor in $1.4M Series Seed investment in independent professional hockey league company.
  • Represented lead investor in $2M Series Seed financing into fitness and sports software company.
  • Represented a Chicago-based private equity firm in the $15 million acquisition/purchase of a South Dakota based clean energy agriculture company.
  • Represented investor in $14M convertible debt round into solar technology company.
  • Represented client as a major investor as part of a total raise of $400M in a lithium ion battery technology company.
  • Represented investor in the Series A investment of $4M into California vacation rental based software company.
  • Represented decentralized financing start up with convertible debt raise.
  • Represented lead investor in $20M Series B raise for an energy storage technology company.
  • Represented agriculture technology Company in $6M Series A raise and following $4M bridge convertible note financing.
  • Represented Chicago based digital technology company in Series Seed raise.
  • Represented lead investor in $5.2M Series Seed preferred investment into sports technology and gaming company.
  • Represented major investor as part of a $50M Series D offering in a nickel-zinc battery technology company.
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Ammara maintains involvement in the clean energy industry, working with both financing parties and operating entities in the clean energy, environmental and social consciousness industries.