other material
confidence high
sentiment neutral
materiality 0.60
Khosla Ventures Acquisition dismisses Marcum, appoints BDO; material weakness disclosed
Nextdoor Holdings, Inc.
- Dismissed Marcum as auditor Aug 8, 2021; no accounting disagreements.
- Appointed BDO as new independent registered public accounting firm effective same day.
- Material weakness in internal controls over accounting for private placement shares and underwriting discounts.
- Previous financial reports had going concern explanatory paragraph but no adverse opinion.
- Marcum letter dated Aug 12, 2021 filed as Exhibit 16.1.