Item 8.01 Other Events.
On March 8, 2021, Khosla Ventures Acquisition Co. (the "Company") consummated
its initial public offering (the "IPO") of 34,500,000 shares of Class A common
stock of the Company, par value $0.0001 per share (each, a "Public Share"). The
Public Shares were sold at a price of $10.00 per Public Share, generating gross
proceeds to the Company of $345,000,000.
Substantially concurrently with the closing of the IPO, the Company completed
the private sale of 990,000 shares of Class A common stock of the Company, par
value $0.0001 per share (the "Private Placement Shares") at a purchase price of
$10.00 per Private Placement Shares, to the Company's sponsor, Khosla Ventures
SPAC Sponsor LLC, generating gross proceeds to the Company of $9,900,000.
A total of $345,000,000 comprised of proceeds from the IPO and the sale of the
Private Placement Shares, was placed in a U.S.-based trust account at JP Morgan
Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company,
acting as trustee. An audited balance sheet as of March 8, 2021 reflecting
receipt of the proceeds upon consummation of the IPO and the sale of the Private
Placement Shares has been issued by the Company and is included as Exhibit 99.1
to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed with this Form 8-K:
Exhibit
No. Description of Exhibits
99.1 Audited Balance Sheet, as of March 8, 2021.
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