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Nextdoor Inc. Investors Sue After De-SPAC Stock Drop

By Jeff Montgomery ( November 4, 2024, 6:38 PM EST) -- Investors in a special purpose acquisition company that took neighborhood network app Nextdoor Inc. public at a $4.3 billion valuation in July 2021 have sued the SPAC's sponsors and founding directors for damages in Delaware's Court of Chancery, accusing architects of the deal of overvaluing the business....

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