Khosla Ventures Acquisition III, the third blank check company formed by Khosla Ventures targeting differentiated tech with large market opportunities, raised $500 million by offering 50 million shares at $10. The offering did not contain units with warrants attached.
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 and COO Peter Buckland, a Partner, Managing Director, and COO of Khosla. The three managers have similar roles at Khosla's other two blank check companies (KVSA, KVSB).
Khosla Ventures Acquisition III plans to list on the Nasdaq under the symbol KVSC. Goldman Sachs and Citi acted as lead managers on the deal.
