8-K
filed June 12, 2023, 7:59 PM ET
CIK 0001841873
other material
confidence high
sentiment negative
materiality 0.85
Khosla Ventures Acquisition Co. extends SPAC deadline to Dec 8, 2023; 33.6M shares redeemed, draining ~$344M from trust
Khosla Ventures Acquisition Co.
- Stockholders approved extending business combination deadline from June 8 to December 8, 2023.
- Approximately 33.57M Class A shares redeemed, withdrawing $343.7M (~$10.24 per share) from trust account.
- Trust account reduced from $345M to ~$1.3M, severely limiting funds for a future business combination.
- Extension and trust amendment passed with 29.6M votes for vs 0.5M against.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Khosla Ventures Acquisition Co.: Amended the Second Amended and Restated Certificate of Incorporation to extend the deadline for business combination from June 8, 2023 to December 8, 2023 (effective 2023-06-08).
- Change
- charter amendment
- Effective
- 2023-06-08
Exact text from the filing
As approved by its stockholders at the Special Meeting, the Company filed an amendment (the “Extension Amendment”) to the Company’s Second Amended and Restated Certificate of Incorporation (the “A&R Charter”) with the Secretary of State of the State of Delaware. The Extension Amendment extends the date by which the Company must consummate its initial business combination from June 8, 2023 to December 8, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Khosla Ventures Acquisition Co. amended IMTA Amendment with Continental Stock Transfer & Trust Company (effective 2023-06-06).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2023-06-06
Exact text from the filing
As approved by its stockholders at the special meeting of stockholders held on June 6, 2023 (the “Special Meeting”), Khosla Ventures Acquisition Co., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company entered into Amendment No. 1 (the “IMTA Amendment”) to the Investment Management Trust Agreement, dated as of March 8, 2021 (the “IMTA”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Khosla Ventures Acquisition Co. shareholders approved To approve and amend the A&R Charter to extend the date by which the Company must consummate a business combination from June 8, 2023 to December 8, 2023. at the 2023-06-06 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-06
Exact text from the filing
The Extension Amendment Proposal – To approve and amend the A&R Charter to extend the date by which the Company must consummate a business combination from June 8, 2023 to December 8, 2023. For Against Abstain 29,580,291 473,695 32,874
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Khosla Ventures Acquisition Co. shareholders approved To approve and amend the IMTA allowing the Company to extend the period of time required to consummate a business combination from June 8, 2023 to December 8, 2023. at the 2023-06-06 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-06-06
Exact text from the filing
The Trust Amendment Proposal – To approve and amend the IMTA allowing the Company to extend the period of time required to consummate a business combination from June 8, 2023 to December 8, 2023. For Against Abstain 29,580,291 473,695 32,874
View on SEC.gov
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