secwatch.observer — SEC 8-K summary
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Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001193125-21-289883
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVSB and Nextdoor amend merger agreement to require separate Class A common stock vote for charter approval
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- Amendment adds non-waivable closing condition that amended charter must be approved by majority of KVSB Class A common stock outstanding.
- Definition of 'Acquiror Stockholder Approval' updated to require vote on each Transaction Proposal under Section 8.2(b).
- Definition of 'Consideration Shares' capped at 58,135 unissued shares from Pixel Labs Merger.
- Parties agree they may not waive compliance with the new Section 9.1(h) condition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000119312521289883/0001193125-21-289883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000119312521289883/d224391d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-289883

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer