secwatch.observer — SEC 8-K summary
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Issuer:     Khosla Ventures Acquisition Co. (—)
CIK:        0001841873
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001193125-23-165274
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Khosla Ventures Acquisition Co. extends SPAC deadline to Dec 8, 2023; 33.6M shares redeemed, draining ~$344M from trust
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841873/000119312523165274/0001193125-23-165274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841873/000119312523165274/d446326d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-165274

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