Ticker Launch

SPAC · Merger completed

Khosla Ventures Acquisition Co. II

Business combination with Nextdoor, Inc.

Khosla Ventures Acquisition Co. II is a blank-check company (SPAC) that raised $400M in its initial public offering on Mar 25, 2021, listing on Nasdaq Capital Market. It completed its business combination with Nextdoor, Inc. on Nov 5, 2021; the combined company is Nextdoor Holdings, Inc. (KIND). Citigroup led the IPO, with Goldman Sachs. Latham & Watkins advised the SPAC and Skadden, Arps advised the underwriters on the IPO.

Nextdoor is a San Francisco-based neighborhood networking app where neighbors share trusted information, give and get help, and connect with local businesses and public services. It is used in more than 275,000 neighborhoods across 11 countries, including nearly one in three U.S. households.

Status
Merger completed
IPO date
Mar 25, 2021
IPO size
$400M
IPO exchange
Nasdaq Capital Market
Target
Nextdoor, Inc.
Announced
Jul 6, 2021
Closed
Nov 5, 2021
Combined company
Nextdoor Holdings, Inc. (KIND)
IPO underwriters
Citigroup and Goldman Sachs
SPAC counsel (IPO)
Latham & Watkins
Underwriters' counsel (IPO)
Skadden, Arps

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