Brief: Nextdoor To Become A Publicly-Traded Company Through Merger With Khosla Ventures Acquisition Co. II

Nextdoor Holdings

06/07/2021 12:28

July 6 (Reuters) - Khosla Ventures Acquisition II Co
 KVSB.O :
    * NEXTDOOR, THE NEIGHBORHOOD NETWORK, TO BECOME A
PUBLICLY-TRADED
COMPANY THROUGH MERGER WITH KHOSLA VENTURES ACQUISITION CO. II
    * NEXTDOOR, THE NEIGHBORHOOD NETWORK, TO BECOME A
PUBLICLY-TRADED
COMPANY THROUGH MERGER WITH KHOSLA VENTURES ACQUISITION CO. II
    * KHOSLA VENTURES ACQUISITION II CO - DEAL TO RESULT IN
ABOUT $686
MILLION IN GROSS PROCEEDS, INCLUDING A $270 MILLION FULLY
COMMITTED PIPE
    * KHOSLA VENTURES ACQUISITION II CO - NEXTDOOR CEO SARAH
FRIAR AND
KHOSLA VENTURES AFFILIATES EACH PARTICIPATED IN PIPE FINANCING
    * KHOSLA VENTURES ACQUISITION II CO - NEXTDOOR ANNOUNCES
FOUNDING
OF NEXTDOOR KIND FOUNDATION
    * KHOSLA VENTURES ACQUISITION II CO - EXPECTED PRO FORMA
EQUITY
VALUE OF APPROXIMATELY $4.3 BILLION
    * KHOSLA VENTURES ACQUISITION II CO - UPON CLOSING OF
PROPOSED
DEAL, COMBINED COMPANY WILL BE LISTED UNDER TICKER SYMBOL "KIND"

Source text for Eikon:  ID:nPn4M4dPQa 
Further company coverage:  KVSB.O 

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