Nasdaq Warns Khosla Ventures About Low Market Cap | SPAC Feed

Khosla Ventures Acquisition in an 8-K said it was notified by the nasdaq of noncompliance with a rule that requires companies to maintain at least a $35 million market cap. The SPAC has until Feb. 14, 2024 to regain compliance and said it is working to do so.

The SPAC back in February had signed a non-binding LOI with an unnamed suitor. The SPAC raised $300 million in a February 2021 IPO, although redemptions since then have reduced the trust to about 12% of its original amount. Read more.

Source: Nasdaq Warns Khosla Ventures About Low Market Cap

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• Source: https://spacfeed.com/nasdaq-warns-khosla-ventures-about-low-market-cap