Fenwick Represents Nextdoor in Public Listing After Combination with Khosla Ventures Acquisition Co. II SPAC

Fenwick represented Nextdoor, a hyperlocal social networking service for neighborhoods, in its public listing on the New York Stock Exchange (NYSE) after completing a previously announced business combination agreement with Khosla Ventures Acquisition Co. II (Nasdaq: KVSB), a special purpose acquisition company (SPAC) sponsored by an affiliate of Khosla Ventures. The combined company is named Nextdoor Holdings, Inc.

The combined company’s shares began trading today on the NYSE under the ticker symbol “KIND”. The merger was approved by stockholders of Khosla Ventures Acquisition Co. II at a special meeting on November 2. The transaction raised $404 million from KVSB trust proceeds, and $270 million from a fully committed common stock private placement (PIPE), resulting in total gross proceeds of at least $674 million. More information can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partners Cynthia Hess, Ethan Skerry, Ran Ben-Tzur, Michael Pilo and Katherine Duncan, mergers & acquisitions associates Samuel Fleuter, Victoria Lupu and Luke Finn, and capital markets associates Joshua Damm, Arielle Trapp, Tyler Gratton, Henry Pruitt, Lailey Rezai and Stephanie Aldous; executive compensation and employee benefits partner Shawn Lampron and associates Christophe Delrieu and Jonathan Stephenson; technology transactions partner Jonathan Millard and associate Lise Berichel; privacy and cybersecurity counsel Helen Christakos; and tax partner Will Skinner and associate Kris Hatch.