Khosla Ventures Acquisition Co. II Announces Extraordinary Shareholders’ Meeting to Approve Business Combination with Nextdoor

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Special Meeting of Shareholders on November 2, 2021 at 11:00 a.m. ET

Released: October 12, 2021 at 9:00 AM MDT|Updated: 3 hours ago

SAN FRANCISCO and MENLO PARK, CALIFORNIA., Oct 21, 2021 / PRNewswire / – Khosla Ventures Acquisition Co. II (Nasdaq: KVSB) (“KVSB”), a special purpose vehicle sponsored by a subsidiary of Khosla Ventures, LLC (“Khosla Ventures”), announced today that the special meeting of the vote the shareholders (“Special Meeting”) on the approval and acceptance of the business combination of KVSB with Nextdoor, Inc. (“Nextdoor”), the neighborhood network, will be broadcast live on November 2, 2021 at 11:00 p.m. ET.

Nextdoor logo (PRNewsfoto / Nextdoor, Inc.)

Shareholders registered at close of business on October 6, 2021 are entitled to vote in the special assembly. The business combination should, if approved by the KVSB shareholders, be completed as soon as possible after the special meeting. Upon completion 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 symbol “KIND”.

A final declaration of power of attorney and other relevant documents will be sent to the registered shareholders of KVSB from the close of business on. sent October 6th, 2021. Shareholders are recommended to read the declaration of proxy and the accompanying documents in full. Shareholders can also obtain free copies of the Power of Attorney and all relevant documents filed or filed by the KVSB (if available) with the US Securities and Exchange Commission (SEC) through the SEC’s website at http://www.sec.gov. The documents filed by the KVSB with the SEC can also be downloaded free of charge from the KVSB website at https://khoslaventuresacquisitionco.com/kvsb or on written request to: Khosla Ventures Acquisition Co. II, 2128 Sand Hill Road, Menlo Park, California, 94025.

KVSB shareholders are encouraged to cast their votes as soon as possible to ensure they are represented at the special meeting. The KVSB has appointed DF King as its proxy in connection with the special meeting. Shareholders who need assistance voting their KVSB shares can contact DF King at (800) 949-2583, or banks and brokers can contact (212) 269-5550 or email [email protected] Report.

About Nextdoor, Inc.
Nextdoor is where you connect with the neighborhoods you care about so you can belong. Our goal is to create a friendlier world where everyone has a neighborhood they can rely on. Neighbors around the world turn to Nextdoor daily for trusted information, provide and receive help, get things done, and create real connections with people nearby – neighbors, businesses, and public services. Today, neighbors in more than 280,000 neighborhoods in 11 countries rely on Nextdoor. Almost every third household in the USA uses the network. Nextdoor is based in San Francisco. Further information and pictures: nextdoor.com/newsroom.

About KVSB
KVSB is a special purpose acquisition company sponsored by affiliates of Khosla Ventures. Khosla Ventures manages a number of venture capital funds that provide early stage venture capital investments and provide strategic advice to entrepreneurs on how to build businesses of lasting importance. The company was founded in 2004 by Vinod Chosla, Co-founder of Sun Microsystems. Khosla Ventures has over $ 14 billion of assets under management and focuses on a wide range of sectors including Artificial Intelligence, Agriculture / Food, Consumer, Corporate, Financial Services, Health, Space, Sustainable Energy, Robotics, VR / AR and 3D Printing. Overall, Khosla Ventures’ investment portfolio has created a market value of nearly half a trillion dollars.

Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of federal securities laws relating to the proposed transaction between Nextdoor and KVSB. These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan,” ” could, “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions. Forward-looking statements are predictions, forecasts and other statements about future events based on current events Expectations and assumptions are based and are therefore subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this release. You should consider the risks and uncertainties set out in the “Risk Factors” section of the KVSB annual reports on form 10-K, quarterly reports on Form 10-Q, the registration declaration on Form S-4 and other KVSB documents submitted by the KVSB are carefully taken into account 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 only apply at the time of their publication. Readers are cautioned not to place undue reliance on forward-looking statements and Nextdoor and KVSB undertake no obligation and do not intend to update or revise these forward-looking statements as a result of new information, future events or otherwise. Neither Nextdoor nor KVSB make any representations that either Nextdoor or KVSB will meet their expectations.

Additional information and where to find it / non-solicitation
In connection with the proposed transaction, KVSB has filed a registration statement on Form S-4 and validated it with the SEC, which includes a proxy statement / prospectus. The power of attorney / prospectus will be sent to the shareholders of KVSB. KVSB and Nextdoor will also file other documents with the SEC regarding the proposed transaction. Investors and security holders of KVSB are urged to read the proxy statement / prospectus and any other relevant documents that will be filed with the SEC in connection with the proposed transaction or will be filed as they become available prior to making any voting decision important information about the proposed transaction. Investors and security holders can obtain free copies of the proxy statement / prospectus and all other relevant documents filed or filed by KVSB and Nextdoor with the SEC through the SEC maintained website at www.sec.gov.

Participant in tender
KVSB and Nextdoor and their respective directors and officers may be viewed as participants in the solicitation of proxies from KVSB shareholders in connection with the proposed transaction. Information about the directors and officers of KVSB and their ownership of KVSB’s securities is contained in the filings of KVSB with the SEC. To the extent that the holdings of KVSB securities have changed since the amounts printed in the KVSB registration declaration on Form S-1, these changes have been or will be taken into account in the change of ownership declarations filed with the SEC on Form 4. A list of the names of these directors and officers and information about their interests in the business combination are contained in the power of attorney / prospectus. You can obtain free copies of these documents as described in the previous paragraph.

No offer or solicitation
These communications do not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of a vote or approval, nor is there a sale of securities in any jurisdiction in which such offer, solicitation or sale would be made was unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No securities may be offered unless it is a prospectus that meets the requirements of Section 10 of the Securities Act or an exception to it.

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SOURCE Nextdoor, Inc.

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