M&A
confidence medium
sentiment neutral
materiality 0.70
Nextdoor completes de-SPAC merger with Khosla Ventures II; begins trading as KIND on NYSE
Nextdoor Holdings, Inc.
- Merger closed Nov. 5, 2021; KVSB renamed Nextdoor Holdings, Inc. and common stock trades under KIND.
- 1.22M KVSB shares redeemed for ~$12.2M (~3% of shares with redemption rights).
- PIPE Investment of $270M from 27M shares at $10 each closed concurrently.
- Post-merger capitalization: 78.95M Class A shares, 304.0M Class B shares, plus options and RSUs.
- Nextdoor's unaudited financials for the nine months ended Sep 30, 2021 and pro forma statements filed as exhibits.