Khosla Ventures Acquisition, a blank check company formed by Khosla Ventures targeting proprietary tech with large market opportunities, raised $300 million by offering 30 million shares at $10. The offering did not contain warrants. The sponsor may receive an additional 5 million shares after completing the de-SPAC and hitting certain performance hurdles.
The SPAC's management team consists of founder Vinod Khosla, who is the founder of Khosla Ventures; CEO Samir Kaul, founding partner and Managing Director of Khosla; and CFO/COO Peter Buckland, Partner, Managing Director and COO of Khosla. The three managers have similar roles at Khosla's other blank check companies (KVSB, KVSC, KVSD).
Khosla Ventures Acquisition plans to list on the Nasdaq under the symbol KVSA. Goldman Sachs and Piper Sandler acted as lead managers on the deal.
