Khosla Ventures Acquisition Co. Class A Common Stock

Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs that called off mergers. What Happened: SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines or news items coming from the acquisition target. When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target. SPACs have a deadline date to meet, which is typically 24 months from its IPO date. With deals called off, many companies find themselves with a smaller window to complete an acquisition. The timing has to include researching the company, the deal announcement, a proper review by the SEC and the voting date for shareholders. All of these items have to get completed by the deadline. Companies can vote to extend the deadline and in doing so they open ...

Related tickers: WYNN, FST, VELO, SCVX, TPGY, NSTB, HCIC, PFDR, KVSA, AUS.

The month of November shows a continued slowdown in SPAC merger deal votes, but the calendar includes several multibillion-dollar deals. SPAC merger votes can act as a catalyst, as the votes complete the last step in the merger process and change the company over to a new name and ticker that can help build recognition. Several former SPACs also saw wide swings in their share price after being de-SPAC-ed if they receive heavy redemption and have a low float for shares available. Along with several merger vote dates, the month of November contains quarterly earnings reports from several of the most well-known companies to go public via SPAC mergers. November SPAC Merger Calendar: Nov. 2 Motion Acquisition Corp (NASDAQ: MOTN) and Ambulnz: Last mile telehealth company Ambulnz will be known as DocGo after the merger. The company has a network of over 1,700 paramedics and EMTs that provide services on the go with a business-to-business model. Nov. 2: Switchback II Corp (NYSE: SWBK) and Bird: Micromobility company Bird was founded in 2017 and introduced the first-ever shared scooter. The company now operates in over 200 cities and has completed more than 95 million rides from customers. Nov. 2: Khosla Ventures Acquisition Co II (NASDAQ: KVSB) and Nextdoor: Neighborhood social media platform Nextdoor offers a way to connect with businesses, public services and people living nearby. The platform is used by over 275,000 neighborhoods and has over 27 million weekly active users. The company plans to offer contact sync sharing, neighborhood guides, video tools and ask-a-neighbor services in the future. Nov. 2: Reinvent Technology Partners Y (NASDAQ: RTPY) and Aurora: Self-driving company Aurora counts Uber Technologies (NYSE: UBER), Paccar Inc (NASDAQ: PCAR) and Volvo AB (OTC: VLVLY) as investors in the company. Aurora has a goal of disrupting the semi-truck industry first with autonomous driving ...

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