Nextdoor settles shareholder litigation for $850,000 in fees and expenses

Nextdoor Holdings, Inc.

Agreed to pay $850,000 to plaintiff's counsel to resolve Fee and Expense Application in Umbright Action.
Court closed the case subject to filing affidavit confirming notice issued; did not review reasonableness.
Litigation stemmed from stockholder challenge to de-SPAC merger of Khosla Ventures Acquisition Co. II.
Payment fully satisfies any fee or expense claims; no additional amounts sought.

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