Brief: Khosla Ventures Acquisition Co. II Stockholders Approve Business Combination With Nextdoor, Inc.

Nextdoor Holdings

02/11/2021 23:20

Nov 2 (Reuters) - Khosla Ventures Acquisition II Co
 KVSB.O :
    * KHOSLA VENTURES ACQUISITION CO. II STOCKHOLDERS APPROVE
BUSINESS
COMBINATION WITH NEXTDOOR, INC.
    * FOLLOWING CLOSING, COMBINED COMPANY WILL BE KNOWN AS
NEXTDOOR
HOLDINGS, INC
    * GROSS PROCEEDS OF AT LEAST $655 MILLION FROM FULLY
COMMITTED
$270 MILLION PIPE AND $385 MILLION OF CASH HELD IN TRUST
    * TRANSACTION IS EXPECTED TO RAISE AT LEAST $385 MILLION
FROM KVSB
TRUST PROCEEDS
    * KHOSLA VENTURES - FOLLOWING CLOSING, COMBINED CO'S SHARES
EXPECTED TO TRADE ON NEW YORK STOCK EXCHANGE ON NOV 8, 2021
UNDER TICKER SYMBOL "KIND"
    * REDEEMING STOCKHOLDERS MAY ELECT TO WITHDRAW THEIR
REDEMPTION
RIGHTS BY NOVEMBER 4, 2021

Source text for Eikon:  ID:nPn57W3j8a 
Further company coverage:  KVSB.O 

 ((Reuters.Briefs@thomsonreuters.com;))