Item 7.01 Regulation FD Disclosure
As previously disclosed in a Current Report on Form 8-K filed with the
Securities and Exchange Commission on March 27, 2023, Khosla Ventures
Acquisition Co. III (the "Company") did not consummate, or execute a letter of
intent, agreement in principle or definitive agreement for, an initial business
combination on or before March 26, 2023, and therefore in accordance with the
Company's certificate of incorporation the Company announced its intention to
(i) cease all operations except for the purpose of winding up, (ii) redeem 100%
of the outstanding shares of Class A common stock issued in its initial public
offering, and (iii) dissolve and liquidate.
The Company has been informed by Continental Stock Transfer & Trust Company (the
"Trustee") that the final per-share redemption price is $10.19, after
distributions from the trust account for tax expenses and $100,000 for
dissolution expenses. The Trustee expects to release the funds for the
redemption on April 10, 2023, or as soon as practicable thereafter.
The information in this Current Report on Form 8-K is being furnished pursuant
to Item 7.01 and shall not be deemed "filed" for the purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise be subject to the liabilities of that section, nor shall it be deemed
to be incorporated by reference into any of the filings of the Company under the
Securities Act of 1933, as amended, or the Exchange Act, whether made before or
after the date hereof, regardless of any general incorporation language in any
such filing.
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