Press release
Lawsuit filed for Investors in shares of Khosla Ventures Acquisition Co. II (NASDAQ: KVSB) over alleged Breaches Of Fiduciary Duties
A lawsuit was filed by an investor in Khosla Ventures Acquisition Co. II (NASDAQ: KVSB).
If you purchased shares of Khosla Ventures Acquisition Co. II (NASDAQ: KVSB)
, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Menlo Park, CA based Khosla Ventures Acquisition Co. II intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.
On February 12, 2021, it was announced that Khosla Ventures Acquisition II, the second blank check company formed by Khosla Ventures targeting proprietary tech with large market opportunities, filed on Friday with the SEC to raise up to $400 million in an initial public offering (IPO).
Then, on July 6, 2021, it was reported that Nextdoor Inc. is set to go public as the neighborhood network company announced a merger agreement with special purpose acquisition company Khosla Ventures Acquisition Co. II, in a deal that values the combined company at about $4.3 billion.
After the merger closes, which is expected to occur in the fourth quarter of 2021, Nextdoor will be listed under the ticker symbol "KIND."
The plaintiff claims that the board of directors wrongfully plans to conduct a shareholder vote on the Share Increase Amendment by aggregating the votes of all outstanding shares of common stock without also conducting a separate class vote on the Share Increase Amendment.
Those who purchased shares of Khosla Ventures Acquisition Co. II (NASDAQ: KVSB) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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