Nextdoor Intends to List on NYSE Following Merger with Khosla Ventures Acquisition II

Khosla Ventures Acquisition II

Neighborhood networking platform Nextdoor and Khosla Ventures Acquisition II today said that they intend to list Nextdoor’s Class A common stock on the NYSE upon closing of their proposed business combination transaction, if the SPAC’s stockholders approve the deal.

Nextdoor also said in a news release that it will host its first Investor Day on Monday, Sept. 20, beginning at 12:30 p.m. ET. The Investor Day will feature several members of Nextdoor’s Leadership team, including CEO Sarah Friar and CFO Mike Doyle. The program will  include a live Q&A. The webcast registration is available here.

Upon closing of the proposed transaction, KVSB will de-list from the Nasdaq and the Class A common stock of Nextdoor Holdings will trade on the NYSE under KIND.

Announced in July, the combined companies would have an expected pro forma equity value of approximately $4.3 billion.

Terms call for Nextdoor to receive the $416 million held in the SPAC’s trust, plus an upsized $270 million PIPE. Read more.

  

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