Filing Summary
Business Context and Reporting Period
Khosla Ventures Acquisition Co. II (KVSB) filed this Form 8-K on September 17, 2021, regarding its proposed business combination with Nextdoor, Inc. The filing is a current report under Sections 13 or 15(d) and includes written communications under Rule 425.
Transaction and Listing Update
- Upon closing of the proposed business combination, Nextdoor Holdings, Inc. intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol KIND.
- KVSB intends to delist its Class A common stock from Nasdaq following the transaction’s closing.
- The NYSE listing remains subject to the companies’ application and NYSE approval.
- Nextdoor announced its first Investor Day presentation for September 20, 2021, at 12:30 p.m. Eastern Time, with a simultaneous webcast available through its investor relations website.
Financial Metrics and Material Changes
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other operating or financial metrics. It also does not present comparative-period results or identify material changes in financial performance.
Risks, Contingencies, and Unusual Items
- Completion of the proposed business combination is not stated as having occurred and remains subject to applicable transaction conditions.
- The proposed NYSE listing is contingent on application and exchange approval.
- The filing contains transaction-related communications and incorporates a September 17, 2021 press release as Exhibit 99.1.
Key Facts to Verify
- Whether and when the proposed business combination with Nextdoor closes.
- Whether the NYSE approves the listing and the timing of any Nasdaq delisting.
- Whether the Class A common stock begins trading under the KIND ticker.
- Details presented at Nextdoor’s September 20, 2021 Investor Day, including any financial outlook or operating metrics.
- The full contents of Exhibit 99.1 and any subsequent transaction or listing filings.