secwatch.observer — SEC 8-K summary
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Issuer:     Nextdoor Holdings, Inc. (NXDR)
CIK:        0001846069
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001628280-21-023197
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 3.02, 9.01, 4.01, 3.01, 3.03, 5.03, 5.01, 5.02, 5.05, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Nextdoor completes de-SPAC merger with Khosla Ventures II; begins trading as KIND on NYSE
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846069/000162828021023197/0001628280-21-023197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846069/000162828021023197/kind-20211105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-023197

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