M&A
confidence high
sentiment positive
materiality 0.80
KVSB stockholders approve Nextdoor merger; gross proceeds at least $655M
Nextdoor Holdings, Inc.
- Gross proceeds of at least $655M from $270M PIPE and $385M trust cash (after ~7.41% redemptions).
- Combined company to trade as Nextdoor Holdings, Inc. on NYSE under ticker 'KIND' starting Nov 8.
- BCA proposal passed with 40.2M for vs 0.84M against; all other proposals also approved.
- Redemption price ~$10.00/share; deadline to withdraw redemptions is Nov 4 at 5 PM ET.