SAN FRANCISCO and MENLO PARK, Calif., Oct. 21, 2021 /PRNewswire/ -- Khosla
Ventures Acquisition Co. II (Nasdaq:KVSB) ("KVSB"), a special
purpose acquisition company sponsored by an affiliate of Khosla
Ventures, LLC ("Khosla Ventures"), today announced that the Special
Meeting of Stockholders ("Special Meeting") to vote on the approval
and adoption of KVSB's business combination agreement with
Nextdoor, Inc. ("Nextdoor"), the neighborhood network, will be held
via live telecast on November 2, 2021
at 11:00 a.m. ET.
Stockholders of record as of the close of business on
October 6, 2021 are entitled to vote
at the Special Meeting. The business combination, if approved by
KVSB shareholders, is expected to close as soon as practicable
following the Special Meeting. Upon the closing of the business
combination, KVSB will change its name to Nextdoor Holdings, Inc.,
("Nextdoor") and Nextdoor shares are expected to trade on the New
York Stock Exchange under the ticker symbol "KIND."
A definitive proxy statement and other relevant documents will
be mailed to stockholders of record of KVSB as of the close of
business on October 6, 2021.
Stockholders are encouraged to read the proxy statement and
accompanying documents in their entirety. Stockholders can also
obtain free copies of the proxy statement and all relevant
documents filed or that will be filed with the U.S Securities and
Exchange Commission ("SEC") by KVSB (when available) through the
website maintained by the SEC at http://www.sec.gov. The documents
filed by KVSB with the SEC may also be obtained free of charge at
KVSB's website at https://khoslaventuresacquisitionco.com/kvsb or
by written request to: Khosla Ventures Acquisition Co. II, 2128
Sand Hill Road, Menlo Park, CA,
94025.
Stockholders of KVSB are encouraged to submit their vote as soon
as possible to ensure they are represented at the Special Meeting.
KVSB has engaged DF King as its proxy solicitor in connection with
the Special Meeting. Stockholders needing assistance in voting
their KVSB shares can contact DF King by calling (800) 949-2583, or
banks and brokers can call collect at (212) 269-5550, or by
emailing KVSB@dfking.com.
About Nextdoor, Inc.
Nextdoor is where you connect to
the neighborhoods that matter to you so you can belong. Our purpose
is to cultivate a kinder world where everyone has a neighborhood
they can rely on. Neighbors around the world turn to Nextdoor daily
to receive trusted information, give and get help, get things done,
and build real-world connections with those nearby — neighbors,
businesses, and public services. Today, neighbors rely on Nextdoor
in more than 280,000 neighborhoods across 11 countries. In the
U.S., nearly 1 in 3 households uses the network. Nextdoor is based
in San Francisco. For additional
information and images: nextdoor.com/newsroom.
About KVSB
KVSB is a special purpose acquisition
company sponsored by affiliates of Khosla Ventures. Khosla Ventures
manages a series of venture capital funds that make early-stage
venture capital investments and provide strategic advice to
entrepreneurs building companies with lasting significance. The
firm was founded in 2004 by Vinod
Khosla, co-founder of Sun Microsystems. Khosla Ventures has
over $14 billion dollars of assets
under management and focuses on a broad range of sectors including
artificial intelligence, agriculture/food, consumer, enterprise,
financial services, health, space, sustainable energy, robotics,
VR/AR and 3D printing. Collectively, Khosla Ventures portfolio of
investments has created nearly half a trillion dollars in market
value.
Forward-Looking Statements
This communication contains
certain forward-looking statements within the meaning of the
federal securities laws with respect to the proposed transaction
between Nextdoor and KVSB. These forward-looking statements
generally are identified by the words "believe," "project,"
"expect," "anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," "will be,"
"will continue," "will likely result," and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
communication. You should carefully consider the risks and
uncertainties described in the "Risk Factors" section of KVSB's
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, the
registration statement on Form S-4, and other documents filed by
KVSB from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Nextdoor and KVSB
assume no obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither Nextdoor nor KVSB gives any
assurance that either Nextdoor or KVSB will achieve its
expectations.
Additional Information and Where to Find It /
Non-Solicitation
In connection with the proposed
transaction, KVSB has filed, and the SEC has declared effective, a
Registration Statement on Form S-4 containing a proxy
statement/prospectus. The proxy statement/prospectus will be sent
to the stockholders of KVSB. KVSB and Nextdoor also will file
other documents regarding the proposed transaction with the SEC.
Before making any voting decision, investors and security holders
of KVSB are urged to read the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
in connection with the proposed transaction as they become
available because they will contain important information about the
proposed transaction. Investors and security holders will be able
to obtain free copies of the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
by KVSB and Nextdoor through the website maintained by the SEC at
www.sec.gov.
Participants in Solicitation
KVSB and Nextdoor and
their respective directors and executive officers may be deemed to
be participants in the solicitation of proxies from KVSB's
stockholders in connection with the proposed transaction.
Information about KVSB's directors and executive officers and their
ownership of KVSB's securities is set forth in KVSB's filings with
the SEC. To the extent that holdings of KVSB's securities have
changed since the amounts printed in KVSB's Registration Statement
on Form S-1, such changes have been or will be reflected on
Statements of Change in Ownership on Form 4 filed with the SEC. A
list of the names of such directors and executive officers and
information regarding their interests in the business combination
are contained in the proxy statement/prospectus. You may obtain
free copies of these documents as described in the preceding
paragraph.
No Offer or Solicitation
These communications do not
constitute an offer to sell or the solicitation of an offer to buy
any securities, or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act, or an exemption therefrom.
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SOURCE Nextdoor, Inc.