other material
confidence high
sentiment negative
materiality 0.80
Khosla Ventures Acquisition Co. II restates Q1 2021 financials due to errors in share redemption calculation
Nextdoor Holdings, Inc.
- Errors involved financial figures related to partial exercise of underwriters' over-allotment option and issuance of private placement shares.
- Restatement covers unaudited condensed financial statements as of March 31, 2021 and for period January 29, 2021 to March 31, 2021.
- Company will file an amendment to its Quarterly Report on Form 10-Q as soon as practicable.
- Audit Committee and management discussed with independent registered public accounting firm Marcum LLP.