Nextdoor SPAC Presentation Deck

Transaction Summary ($ in millions, except share price) Sources SPAC Cash in Trust (Assuming no Redemptions) PIPE Existing Equity Holders' Rollover Total Sources Uses Cash Proceeds to Nextdoor Equity Consideration to Existing Equity Holders Estimated Transaction Expenses Total Sources Notes: 1. 2. 3. 4. 5. 6. $416 $270 $3,500 $4,186 $642 $3,500 $44 $4,186 Pro Forma Capitalization Share Price Total Shares Outstanding Equity Value Net Cash Enterprise Value Illustrative Pro Forma Ownership PIPE Investors (6.3%) SPAC Public Equity Holders (9.7%) Khosla (2.7%) Nextdoor Equity Holders (81.4%) $10.00 430 $4,301 $(763) $3,538 Assumes no shareholder redemptions. Assumes $10.00 price per share. Assumes existing Nextdoor net cash on balance sheet of $121.0 million as of 5/31/21. Total shares include 350.0 million Nextdoor rollover shares, 41.6 million SPAC public shares, 27.0 million shares from PIPE and 11.5 million Khosla shares (including 1.1 million private placement shares and 10.4 million sponsor promote shares; excludes shares from Khosla investment in PIPE). Transaction expenses are estimates. Pro Forma Ownership represents economic interest. Does not reflect 10:1 voting structure. Nextdoor equity holders will retain Class B shares with 10 votes per share. All other investors will hold Class A shares with one vote per share. 41

View entire presentation