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Khosla Ventures Acquisition Co. II (KVSB) has announced the anticipated closing of its Business Combination with Nextdoor Holdings, Inc. on November 5, 2021. Following the merger, shares will trade on the NYSE under the symbol 'KIND' starting November 8, 2021. The transaction is projected to yield at least $666 million in gross proceeds, including $396 million from trust proceeds and $270 million from a private placement. Current shareholders can redeem their shares for approximately $10.00 each. The majority of shareholders have opted not to redeem their shares, indicating confidence in the merger.
Khosla Ventures Acquisition Co. II (KVSB) announced stockholder approval for its business combination with Nextdoor, Inc. during a special meeting held on November 2, 2021. The closing is expected on or about November 5, 2021, with Nextdoor Holdings, Inc. shares to trade on the NYSE under ticker symbol KIND starting November 8, 2021. The transaction is projected to raise a minimum of $655 million, including $385 million from trust proceeds and $270 million from a private placement. Stockholders can withdraw redemption elections until November 4, 2021.
Khosla Ventures Acquisition Co. II (KVSB) announced it expects to complete its business combination with Nextdoor, Inc. on November 5, 2021, pending stockholder approval. The deal aims to raise a minimum of $633.3 million, including $363.3 million from KVSB's trust and $270 million from a private placement. KVSB shares closed at $10.23 on October 29, 2021, with stockholders redeeming shares receiving approximately $10.00 each. Following the merger, KVSB will be renamed Nextdoor Holdings, Inc. and listed on the NYSE under the ticker symbol "KIND."
Khosla Ventures Acquisition Co. II (KVSB) will transfer its Class A common stock listing from Nasdaq to NYSE following its business combination with Nextdoor, Inc., which will be renamed Nextdoor Holdings, Inc. (symbol: KIND). The transition is scheduled to occur after market close on November 5, 2021, contingent on meeting NYSE listing requirements. KVSB's shares will continue trading on Nasdaq until the deal closes, which enhances KVSB’s market presence and aligns with Nextdoor's community-focused mission.
Khosla Ventures Acquisition Co. II (KVSB) has scheduled a Special Meeting for stockholders on November 2, 2021, at 11:00 a.m. ET. This meeting will address the approval of a business combination with Nextdoor, Inc., the neighborhood networking platform. Stockholders who are on record as of October 6, 2021, can vote. If the transaction is approved, KVSB will rebrand as Nextdoor Holdings, Inc., and shares will begin trading under the ticker KIND on the New York Stock Exchange. Stockholders are encouraged to review the proxy statement and relevant documents ahead of the meeting.
Nextdoor, Inc. announced an executive discussion on LinkedIn Live on October 26, 2021, from 3 p.m. ET to 3:45 p.m. ET. The event will cover the company's business model, opportunities, and financial performance. Additionally, Nextdoor plans to list its Class A common stock on the NYSE under the ticker "KIND" following its merger with Khosla Ventures Acquisition Co. II (KVSB). The interactive session will feature CEO Sarah Friar and CFO Mike Doyle, offering a Q&A segment for attendees.
Nextdoor, Inc. has announced an increase in its revenue guidance for 2021 to $181 million, up from $178 million, resulting in a year-over-year growth rate of 47% compared to 44%. Additionally, the company raised its 2022 revenue guidance to $252 million, projecting a 40% growth rate. Nextdoor is set to merge with Khosla Ventures Acquisition Co. II (KVSB), aiming for a listing on the NYSE under the ticker KIND. This merger is part of a broader strategy to enhance market presence.
Khosla Ventures Acquisition Co. II (KVSB) and Nextdoor, Inc. announced their intent to list Nextdoor Holdings, Inc. on the NYSE following their proposed business combination. CEO Sarah Friar expressed excitement about the NYSE listing, which is expected to enhance Nextdoor's growth in creating hyperlocal communities. The transition involves KVSB de-listing from Nasdaq, with Nextdoor's shares trading under the ticker 'KIND'. An Investor Day is scheduled for September 20, 2021, featuring key leadership discussions. The registration statement for the transaction has been filed with the SEC, awaiting effectiveness.
Nextdoor, Inc. and Khosla Ventures Acquisition Co. II (KVSB) announced their plan to list Nextdoor Holdings, Inc. on the NYSE following their proposed merger. This move aims to accelerate the growth of Nextdoor's platform, enhancing community connections. CEO Sarah Friar emphasized the potential for improved trust and connectivity in neighborhoods. The transition will involve KVSB delisting from Nasdaq and trading under the ticker symbol 'KIND' on the NYSE, subject to regulatory approvals. Nextdoor's first Investor Day is scheduled for September 20, 2021.
