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.
