Khosla Ventures Acquisition Co III (KVSC) 10-Q7 Oct 212021 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	5 Months Ended
Cover Page - shares	Jun. 30, 2021	Oct. 07, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Registrant Name	Khosla Ventures Acquisition Co. III
Entity Central Index Key	0001846068
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Trading Symbol	KVSC
Entity Shell Company	true
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	CA
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	DE
Entity File Number	001-40247
Entity Tax Identification Number	85-1777015
Entity Address, Address Line One	2128 Sand Hill Road
Entity Address, City or Town	Menlo Park
Entity Address, Postal Zip Code	94025
City Area Code	650
Local Phone Number	376-8500
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		57,756,827
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,000,000
Common Class K [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,000,000

Condensed Balance Sheet

Condensed Balance Sheet	Jun. 30, 2021USD ($)
ASSETS
Cash and cash equivalents	$ 557,632
Prepaid expenses	843,642
Total current assets	1,401,274
Marketable securities held in Trust Account	563,310,786
Other assets	614,814
Total assets	565,326,874
Current liabilities:
Accounts payable	50,478
Franchise tax payable	100,000
Advances from related party	5,300
Total current liabilities	155,778
Deferred underwriting fees payable	19,715,578
Class K Founder Shares derivative liabilities	21,200,000
Total liabilities	41,071,356
Commitments and Contingencies (Note 5)
Stockholders' Deficit
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	0
Additional paid-in capital	0
Accumulated deficit	(39,047,351)
Total stockholders' deficit	(39,046,708)
Total Liabilities, Common Stock subject to Possible Redemption and Stockholders' Deficit	565,326,874
Common Class A [Member]
Current liabilities:
Class A common stock subject to possible redemption, 56,330,222 shares at $10.00 redemption value	563,302,226
Stockholders' Deficit
Common Stock, Value	143
Total stockholders' deficit	143
Common Class B [Member]
Stockholders' Deficit
Common Stock, Value	500
Total stockholders' deficit	$ 500

Condensed Balance Sheet (Parent

Condensed Balance Sheet (Parenthetical)	Jun. 30, 2021$ / sharesshares
Common stock subject to possible redemption	56,330,222
Temporary Equity, Redemption Price Per Share \| $ / shares	$ 10
Preferred Stock Par Value Per Share \| $ / shares	$ 0.0001
Preferred Stock Shares Authorized	1,000,000
Preferred Stock Shares Issued	0
Preferred Stock Shares Outstanding	0
Common Class A [Member]
Common stock subject to possible redemption	56,330,222
Common Stock Par Value Per Share \| $ / shares	$ 0.0001
Common Stock Shares Authorized	200,000,000
Common Stock Shares Issued	1,426,605
Common Stock Shares Outstanding	1,426,605
Common Class B [Member]
Common Stock Par Value Per Share \| $ / shares	$ 0.0001
Common Stock Shares Authorized	30,000,000
Common Stock Shares Issued	5,000,000
Common Stock Shares Outstanding	5,000,000

Condensed Statement of Operatio

Condensed Statement of Operations - USD ($)	3 Months Ended	5 Months Ended
Condensed Statement of Operations - USD ($)	Jun. 30, 2021	Jun. 30, 2021
Formation costs		$ 25,000
General and administrative expenses	$ 295,206	316,008
Franchise tax expense	50,000	100,000
Loss from operations	(345,206)	(441,008)
Financing expenses on derivative classified instrument		(47,887,500)
Gain on marketable securities (net), dividends and interest, held in Trust Account	8,560	8,560
Change in fair value of derivative liabilities	(4,050,000)	26,700,000
Loss before income tax expense	(4,386,646)	(21,619,948)
Net loss	(4,386,646)	(21,619,948)
Common Class A [Member]
Net loss	$ (214,965)	$ (629,752)
Weighted Average Number of Shares Outstanding, Basic and Diluted	1,426,605	907,068
Earnings Per Share, Basic and Diluted	$ (0.15)	$ (0.69)
Common Class A [Member] \| Non Redeemable Common Stock [Member]
Weighted Average Number of Shares Outstanding, Basic and Diluted	1,426,605	907,068
Earnings Per Share, Basic and Diluted	$ (0.15)	$ (0.69)
Common Class A [Member] \| Common Stock Subject to Mandatory Redemption [Member]
Weighted Average Number of Shares Outstanding, Basic and Diluted	56,330,222	35,780,991
Earnings Per Share, Basic and Diluted	$ (0.06)	$ (0.49)
Common Class B [Member]
Net loss	$ (753,414)	$ (3,471,364)
Weighted Average Number of Shares Outstanding, Basic and Diluted	5,000,000	5,000,000
Earnings Per Share, Basic and Diluted	$ (0.15)	$ (0.69)
Common Class B [Member] \| Non Redeemable Common Stock [Member]
Weighted Average Number of Shares Outstanding, Basic and Diluted	5,000,000	5,000,000
Earnings Per Share, Basic and Diluted	$ (0.15)	$ (0.69)

Condensed Statement of Changes

Condensed Statement of Changes In Common Stock Subject To Possible Redemption And Stockholders' Deficit - USD ($)	Total	Private Placement	Class A Common Stock	Class A Common StockPrivate Placement	Class B Common Stock	Common Stock Subject To Possible RedemptionClass A Common Stock	Additional Paid-in Capital	Additional Paid-in CapitalPrivate Placement	Accumulated Deficit
Beginning balance at Jan. 28, 2021	$ 0		$ 0		$ 0	$ 0	$ 0		$ 0
Beginning Balance (in shares) at Jan. 28, 2021			0		0	0
Issuance of common stock to Sponsor	12,500				$ 500		12,000
Issuance of common stock to Sponsor, shares					5,000,000
Sale of Public Shares, net of $31,705,310 issuance costs	0					$ 531,596,916
Sale of Public Shares, net of $31,705,310 issuance costs , shares						56,330,222
Sale of private placement		$ 14,266,050		$ 143				$ 14,265,907
Sale of private placement shares,Shares				1,426,605
Accretion of Class A Common Stock to redemption value	(31,705,310)					$ 31,705,310	(14,277,907)		(17,427,403)
Net loss	(17,233,302)								(17,233,302)
Ending balance at Mar. 31, 2021	(34,660,062)		$ 143		$ 500	$ 563,302,226			(34,660,705)
Ending Balance (in shares) at Mar. 31, 2021			1,426,605		5,000,000	56,330,222
Beginning balance at Jan. 28, 2021	0		$ 0		$ 0	$ 0	$ 0		0
Beginning Balance (in shares) at Jan. 28, 2021			0		0	0
Sale of private placement shares,Shares			56,330,222
Net loss	(21,619,948)		$ (629,752)		$ (3,471,364)	$ (17,518,832)
Ending balance at Jun. 30, 2021	(39,046,708)		$ 143		$ 500	$ 563,302,226			(39,047,351)
Ending Balance (in shares) at Jun. 30, 2021			1,426,605		5,000,000	56,330,222
Beginning balance at Mar. 31, 2021	(34,660,062)		$ 143		$ 500	$ 563,302,226			(34,660,705)
Beginning Balance (in shares) at Mar. 31, 2021			1,426,605		5,000,000	56,330,222
Net loss	(4,386,646)		$ (214,965)		$ (753,414)	$ (3,418,267)			(4,386,646)
Ending balance at Jun. 30, 2021	$ (39,046,708)		$ 143		$ 500	$ 563,302,226			$ (39,047,351)
Ending Balance (in shares) at Jun. 30, 2021			1,426,605		5,000,000	56,330,222

Condensed Statement of Change_2

Condensed Statement of Changes In Common Stock Subject To Possible Redemption And Stockholders' Deficit (Parenthetical)	2 Months Ended
	Mar. 31, 2021USD ($)
Public Shares
Stock issuance costs	$ 31,705,310

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows	5 Months Ended
Condensed Statement of Cash Flows	Jun. 30, 2021USD ($)
Cash Flows from Operating Activities
Net Loss	$ (21,619,948)
Adjustments to reconcile net loss to net cash used in operating activities
Financing expenses on derivative classified instrument	47,887,500
Gain on marketable securities (net), dividends and interest, held in Trust Account	(8,560)
Change in fair value of derivative liabilities	(26,700,000)
Changes in operating assets and liabilities
Prepaid expenses and other assets	(1,458,456)
Accounts payable and accrued expenses	150,478
Net cash used in operating activities	(1,748,986)
Cash Flows from Investing Activities:
Investment of cash into Trust Account	(563,302,226)
Net cash used in Investing Activities:	(563,302,226)
Cash Flows from Financing Activities
Proceeds from issuance of Class B and Class K common stock to Sponsor	25,000
Advances from related party	5,300
Proceeds from sale of Public Shares, net of transactions costs	551,312,494
Proceeds from Private Placement shares	14,266,050
Net cash provided by financing activities	565,608,844
Net increase in cash	557,632
Cash - beginning of period	0
Cash - end of period	557,632
Supplemental disclosure of noncash investing and financing activities:
Deferred underwriting fees payable	$ 19,715,578

Description of Organization, Bu

Description of Organization, Business Operations, Going Concern	5 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Organization, Business Operations, Going Concern	Note 1 — Description of Organization, Business Operations, Going Concern Khosla Ventures Acquisition Co. III (the “Company”) is a blank check co m As of June 30, 2021, the Company had not commenced any operations. All activity for the period from January 29, 2021 (inception) through June 30, 2021 relates to the Company’s formation and Initial Public Offering (the “Initial Public Offering” or “IPO”) described below. The Company has selected December 31 as its fiscal year end. On March 26, 2021, the Company consummated its Initial Public Offering of 50,000,000 shares of Class A common stock of the Company, par value $0.0001 per share (each, a “Public Share”), excluding additional Public Shares sold pursuant to the partial exercise of the underwriters’ option to purchase additional Public Shares to cover over-allotments. The Public Shares were sold at a price of $10.00 per Public Share, generating gross proceeds to the Company of $500,000,000 . Simultaneously with the closing of the Initial Public Offering, we consummated the Private Placement of 1,300,000 Private Placement Shares at a price of $10.00 per Private Placement Share to the Sponsor, generating proceeds of $13,000,000. In connection with the underwriters’ partial exercise of their over-allotment option, we also consummated the sale of an additional 126,605 Private Placement Shares at $10.00 per Private Placement Share, generating additional proceeds of $1,266,050. Total gross proceeds from the sale of Private Placement Shares was $14,266,050. Following the closing of the Initial Public Offering on March 26, 2021 and the partial exercise of the underwriters’ overallotment option on March 30, 2021, an amount of $563,302,226 ($10.00 per Public Share) of the proceeds from the Initial Public Offering, including $19,715,578 of the underwriters’ deferred discount was placed in a U.S.-based Trust Account at Goldman Sachs, maintained by Continental Stock Transfer & Trust Company, LLC, acting as trustee. Except with respect to interest earned on the funds in the Trust Account that may be released to the Company to pay its franchise and income taxes and expenses relating to the administration of the Trust Account, the proceeds from the Initial Public Offering and the Private Placements held in the Trust Account will not be released until the earliest of (a) the completion of the Company’s initial business combination, (b) the redemption of any public shares properly tendered in connection with a stockholder vote to amend the Company’s Amended and Restated Certificate of Incorporation (i) to modify the substance or timing of its obligation to redeem 100% of its public shares if the Company does not complete its initial business combination within 24 months from the closing of the Initial Public Offering or (ii) with respect to any other provisions relating to stockholders’ rights or pre-initial The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Shares, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held in Trust and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company only intends to complete a Business Combination if the post-transaction company owns or acquires 50% or more of the issued and outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act 1940, as amended (the “Investment Company Act”). Upon the closing of the Initial Public Offering, management has agreed that an amount equal to at least $10.00 per Public Share sold in the Initial Public Offering, including the proceeds from the sale of the Private Placement shares and the sale of forward purchase shares, will be held in a trust account (“Trust Account”) located in the United States with Continental Stock Transfer & Trust Company acting as trustee, and invested only in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act having a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 The Company will provide the holders (the “Public Stockholders”) of the Company’s issued and outstanding Class A common stock, par value $0.0001 per share, sold in the Initial Public Offering (the “Public Shares”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholders meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then held in the Trust Account (initially anticipated to be $10.00 per Public Share). The per-share underwriters. These The Certificate of Incorporation will provide that a Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the Public Shares, without the prior consent of the Company. The holders of the Founder Shares (the “initial stockholders”) have agreed not to propose an amendment to the Certificate of Incorporation (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with a Business Combination or to redeem 100% of the Public Shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or (B) with respect to any other provision relating to stockholders’ rights or pre-initial If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the “Combination Period”) and the Company’s stockholders have not amended the Certificate of Incorporation to extend such Combination Period, the Company will (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but no more than ten business days thereafter subject to lawfully available funds therefor, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes, if any (less up to $100,000 of interest to pay dissolution expenses) divided by the number of the then outsta n The Initial Stockholders have agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Initial Stockholders should acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to their deferred underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Company’s Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have vendors, service providers (except the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Liquidity and Capital Resources As of June 30, 2021, the Company had $557,632 in its operating bank account, $563,302,226 in securities held in the Trust Account to be used for a Business Combination or to repurchase or redeem its common stock in connection therewith and working capital of $1,245,496. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, suspending the pursuit of a Business Combination. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. As a result of the above, in connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, Prior to the consummation of the IPO, the Company’s liquidity needs have been satisfied through receipt of a $25,000 capital contribution from the Sponsor in exchange for the issuance of the Founder Shares to the Sponsor, and a $300,000 promissory note payable to the Sponsor. Subsequent to the consummation of the Initial Public Offering, the Company received the net proceeds not held in the Trust Account of $3,000,000. In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loan, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of such Working Capital Loans may be convertible into shares of the post-transaction company at $10.00 per share at the option of the lender. As of June 30, 2021, the Company has no borrowings under the Working Capital Loans. Risks and Uncertainties Management continues to evaluate the impact of the COVID-19

Summary of Significant Accounti

Summary of Significant Accounting Policies	5 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q S-X The interim results for the period ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future periods. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging Cash and Cash Equivalents The Company considers all short-term investments with an origi n r Marketable Securities Held in Trust Account The Company’s portfolio of investments held in the Trust Account are comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 180 days or less, classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in gain on marketable securities, dividends and interest held in the Trust Account in the accompanying statement of operations. The fair value for trading securities is determined using quoted market prices in active markets. Common Stock Subject to Possible Redemption The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in ASC Topic 480. Conditionally redeemable common stock (including common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock feature contains certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A common stock subject to possible redemption are classified as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. Accordingly, as of June 30, 2021, 56,330,222 shares of Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ deficit The Class A common stock subject to possible redemption are subject to the subsequent measurement guidance in ASC Topic 480-10-S99. paid-in paid-in paid-in Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. As of June 30, 2021, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. Derivative Financial Instruments For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value upon issuance and remeasured at each reporting date, with changes in the fair value reported in the statement of operations. The classification of derivative financial instruments is evaluated at the end of each reporting period. Fair Value Measurements The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the balance sheet. The carrying value of cash and cash equivalents approximated fair value. Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Example of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability. Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities during the reporting period. Actual results could differ from those estimates. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statement, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Offering Costs Offering costs consist of legal, accounting, and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering and were charged to temporary equity upon completion of the Initial Public Offering. Offering costs were $31,705,310 for the period from January 29, 2021 (inception) through June 30, 2021. Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statements and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. As of June 30, 2021, the deferred tax asset is de minimis. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. Net Loss Per Share of Common Stock Net loss per share is computed by dividing net loss by the weighted average number of common stock outstanding during the period, excluding common stock shares subject to forfeiture. Class K Founder Shares will convert into Class A common stock after the initial Business Combination only to the extent certain triggering events occur prior to the 10th anniversary of the initial Business Combination, including three equal triggering events based on the Company’s stock trading at $20.00, $25.00 and $30.00 per share following the first anniversary of the closing of the initial Business Combination and also upon specified strategic transactions. The Company has not considered the effect of the Class K Founder Shares in the calculation of diluted loss per share since the conversion of Class K Founder Shares into Class A common stock is contingent upon the occurrence of future events. Class B Founder Shares and Private Placement Shares are included in the calculation of non-redeemable The Company’s statement of operations includes a presentation of income (loss) per share for shares of common stock subject to possible redemption in a manner similar to the two-class 480-10-S99-3A, A reconciliation of net loss per common stock is as follows: For the three Inception-to- Net loss $ (4,386,646 ) $ (21,619,948 ) Accretion of temporary equity to redemption value (5,069,727 ) (7,322,935 ) Net loss including accretion of temporary equity to redemption value $ (9,456,373 ) $ (28,942,883 ) For the three months ended June 30, 2021 Inception-to-date Class A-t Class A-p Class B Class A-t Class A-p Class B Basic and diluted net loss per share Numerator Allocation of net loss including accretion of temporary equity $ (8,487,994 ) $ (214,965 ) $ (753,414 ) $ (24,841,767 ) $ (629,752 ) $ (3,471,364 ) Accretion of temporary equity to redemption value 5,069,727 — — 7,322,935 — — Allocation of net loss $ (3,418,267 ) $ (214,965 ) $ (753,414 ) $ (17,518,832 ) $ (629,752 ) $ (3,471,364 ) Denominator Weighted average shares outstanding, basic and diluted 56,330,222 1,426,605 5,000,000 35,780,991 907,068 5,000,000 Basic and diluted net loss per share $ (0.06) $ (0.15) $ (0.15) $ (0.49) $ (0.69) $ (0.69) Recent Accounting Pronouncements The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the accompanying financial statements.

Initial Public Offering

Initial Public Offering	5 Months Ended
Initial Public Offering	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Initial Public Offering	Note 3 — Initial Public Offering Pursuant to the Initial Public Offering, the Company sold 50,000,000 Public Shares at a purchase price of $10.00 per Public Shares, excluding Public Shares sold pursuant to the partial exercise of the underwriters’ option to purchase additional Public Shares to cover over-allotments . The underwriters exercised their option to purchase an additional 6,330,222 shares of Class A common Offering. Accordin gly, between the close date of Offering and March 31, 2021, Simultaneously with the closing of the Initial Public Offering, we consummated the Private Placement of 1,300,000 Private Placement Shares at a price of $10.00 per Private Placement Share to the Sponsor, generating proceeds of $13,000,000. In connection with the underwriters’ partial exercise of their over-allotment option, we also consummated the sale of an additional 126,605 Private Placement Shares at $10.00 per Private Placement Share, generating additional proceeds of $1,266,050. Total gross proceeds from the sale of Private Placement Shares was $14,266,050.

Related Party Transactions

Related Party Transactions	5 Months Ended
Related Party Transactions	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 4 — Related Party Transactions Advances from Related Party On February 8, 2021, the Company issued an unsecured promissory note to the Sponsor pursuant to which the Company could borrow up to $300,000 in the aggregate. The note was non-interest promissory note as of Founder Shares On January 29, 2021, the Sponsor acquired 10,000,000 founder shares (the “Founder Shares”) for an aggregate purchase price of $25,000, consisting of 5,000,000 Class B Founder Shares (also known as “Class B common stock”) and 5,000,000 Class K Founder Shares (also known as “Class K common stock”). Prior to the initial investment in the company of $25,000 by the S C Class B Founder Shares The Class B Founder Shares will automatically convert into Class A common stock on the first business day following the completion of our initial business combination, at a ratio such that the number of Class A common stock issuable upon conversion of all Class B Founder Shares will equal, in the aggregate on an as-converted Class K Founder Shares The Class K founder shares will convert into shares of Class A common stock after the initial business combination only to the extent certain triggering events occur prior to the 10th anniversary of the initial business combination, including three equal triggering events based on our stock trading at $20.00, $25.00 and $30.00 per share following the first anniversary of the closing of our initial business combination and also upon specified strategic transactions, in each case, as described in this prospectus. The Class K founder shares will be convertible into shares of Class A common stock at a ratio such that the number of shares of Class A common stock issuable upon conversion of all founder shares (including both Class B founder shares and Class K founder shares) will equal, in the aggregate on an as-converted The Company accounts for the Class K Founder Shares as equity linked instruments. Certain adjustments to the settlement amount of the Class K Founder Shares are based on a variable that is not an input to the fair v a “fixed-for-fixed” 815-40. Working Capital Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company will repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. A s of Private Placement Shares Simultaneously with the closing of the Initial Public Offering, the Sponsor has purchased 1,300,000 Class A common stock at a price of $10.00 per stock in a private placement for an aggregate purchase price of $13,000,000. In connection with the underwriters’ partial exercise of their over- allotment option that closed on March 30, 2021, the Company also consummated the sale of an additional 126,605 Private Placement Shares at $10.00 per Private Placement Share, generating total proceeds of $1,266,050. The total proceeds from the sale of Private Placement Shares is $14,266,050. The Private Placement Shares are identical to the shares of Class A common stock sold in this offering, subject to certain limited exceptions. The Private Placement Shares holders do not have the option to redeem their Class A shares and as a result, the proceeds received in connection with the Initial Public Offering are excluded from temporary equity. The par value of these shares and related additional paid in capital are classified as permanent equity in the Company’s financial statements. The initial stockholders agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Shares until 30 days after the completion of the initial business combination. Forward Purchase Agreement The Company has entered into a forward-purchase agreement pursuant to which the Sponsor agreed to purchase an aggregate of up to 1,000,000 shares of our Class A common stock (the “forward-purchase shares”) for $10.00 per share, or an aggregate maximum amount of $10,000,000, in a private placement that would close simultaneously with the closing of the initial business combination. The proceeds from the sale of these forward-purchase shares, together with the amounts available to the Company from the Trust A A

Commitments & Contingencies

Commitments & Contingencies	5 Months Ended
Commitments & Contingencies	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments & Contingencies	Note 5 — Commitments & Contingencies Registration Rights The holders of the Founder Shares and Private Placement Shares are entitled to registration rights pursuant to the registration agreement signed prior to the consummation of the Initial Public Offering. The holders are entitled to certain demand and “piggyback” registration rights. However, the registration rights agreement provides that the Company will not be required to effect or permit any registration or cause any registration statements to become effective until termination of the applicable lock-up Underwriting Agreement The Company granted the underwriters an option to cover over-allotments and for market stabilization purposes. The over-allotment option entitled the underwriters to purchase on a pro rata basis up to 7,500,000 additional Public Shares at the Initial Public Offering price, less the underwriting discounts and commissions. On March 26, 2021, the Company’s underwriters exercised in part their option to purchase additional Public Shares in connection with its Initial Public Offering. The underwriters exercised their option to purchase an additional 6,330,222 Public Shares from the Company at a price of $10.00 per share less the underwriting discount. The underwriters are entitled to a deferred underwriters underwriters

Stockholders' Deficit

Stockholders' Deficit	5 Months Ended
Stockholders' Deficit	Jun. 30, 2021
Equity [Abstract]
Stockholders' Deficit	Note 6 — Stockholders’ Deficit Preferred Stock Class A Common Stock of Class A com Class B Common Stock Common stockholders of record are entitled to one vote for each share held on all matters to be voted on by stockholders. Holders of Class A common stock and holders of Class B common stock will vote together as a single class on all matters submitted to a vote of the stockholders except as required by law.

Fair Value Measurements

Fair Value Measurements	5 Months Ended
Fair Value Measurements	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7 — Fair Value Measurements The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2021 including the fair value hierarchy of the valuation input that the Company utilized to determine such fair value. Description Level June 30, 2021 Assets: Marketable securities held in Trust Account 1 $ 563,310,786 Liabilities: Derivative liability – Class K Founder Shares 3 $ 21,200,000 Class K Founder Shares Liability Class K Founder Shares is accounted for as a derivative liability on the accompanying June 30, 2021 balance sheet. The derivative liability was measured at fair value at inception and on a recurring basis, with changes in fair va l The key inputs into the Monte-Carlo simulation model for Class K Founder Shares were as follows: Input January 29, 2021 June 30, 2021 Risk-free interest rate 1.19 % 1.51 % Term to business combination 1.4 years 1.0 years Expected volatility 21.50 % 15.00 % Stock price $ 10.00 $ 9.87 Dividend yield 0.00 % 0.00 % The following table presents a summary of the changes in the fair value of the Class K Founder Shares liability, a Level 3 liability, measured on a recurring basis, as of June 30, 2021: Class K Founder Shares Fair value, January 29, 2021 (inception) $ 47,900,000 Change in fair value of Class K Founder Shares liability (30,750,000 ) Fair value, March 31, 2021 (unaudited) $ 17,150,000 Change in fair value of Class K Founder Shares liability 4,050,000 Fair value, June 30, 2021 (unaudited) $ 21,200,000 There were no transfers to and from Levels 1, 2, and 3 from the period beginning January 29, 2021 through June 30, 2021.

Subsequent Event

Subsequent Event	5 Months Ended
Subsequent Event	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 8 — Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	5 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q S-X The interim results for the period ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future periods.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities during the reporting period. Actual results could differ from those estimates. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statement, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an origi n r
Marketable Securities Held in Trust Account	Marketable Securities Held in Trust Account The Company’s portfolio of investments held in the Trust Account are comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 180 days or less, classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in gain on marketable securities, dividends and interest held in the Trust Account in the accompanying statement of operations. The fair value for trading securities is determined using quoted market prices in active markets.
Common Stock Subject to Possible Redemption	Common Stock Subject to Possible Redemption The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in ASC Topic 480. Conditionally redeemable common stock (including common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock feature contains certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A common stock subject to possible redemption are classified as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. Accordingly, as of June 30, 2021, 56,330,222 shares of Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ deficit The Class A common stock subject to possible redemption are subject to the subsequent measurement guidance in ASC Topic 480-10-S99. paid-in paid-in paid-in
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. As of June 30, 2021, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.
Derivative Financial Instruments	Derivative Financial Instruments For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value upon issuance and remeasured at each reporting date, with changes in the fair value reported in the statement of operations. The classification of derivative financial instruments is evaluated at the end of each reporting period.
Fair Value Measurements	Fair Value Measurements The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the balance sheet. The carrying value of cash and cash equivalents approximated fair value. Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Example of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.
Offering Costs	Offering Costs Offering costs consist of legal, accounting, and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering and were charged to temporary equity upon completion of the Initial Public Offering. Offering costs were $31,705,310 for the period from January 29, 2021 (inception) through June 30, 2021.
Income Taxes	Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statements and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. As of June 30, 2021, the deferred tax asset is de minimis. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.
Net Loss Per Share of Common Stock	Net Loss Per Share of Common Stock Net loss per share is computed by dividing net loss by the weighted average number of common stock outstanding during the period, excluding common stock shares subject to forfeiture. Class K Founder Shares will convert into Class A common stock after the initial Business Combination only to the extent certain triggering events occur prior to the 10th anniversary of the initial Business Combination, including three equal triggering events based on the Company’s stock trading at $20.00, $25.00 and $30.00 per share following the first anniversary of the closing of the initial Business Combination and also upon specified strategic transactions. The Company has not considered the effect of the Class K Founder Shares in the calculation of diluted loss per share since the conversion of Class K Founder Shares into Class A common stock is contingent upon the occurrence of future events. Class B Founder Shares and Private Placement Shares are included in the calculation of non-redeemable The Company’s statement of operations includes a presentation of income (loss) per share for shares of common stock subject to possible redemption in a manner similar to the two-class 480-10-S99-3A, A reconciliation of net loss per common stock is as follows: For the three Inception-to- Net loss $ (4,386,646 ) $ (21,619,948 ) Accretion of temporary equity to redemption value (5,069,727 ) (7,322,935 ) Net loss including accretion of temporary equity to redemption value $ (9,456,373 ) $ (28,942,883 ) For the three months ended June 30, 2021 Inception-to-date Class A-t Class A-p Class B Class A-t Class A-p Class B Basic and diluted net loss per share Numerator Allocation of net loss including accretion of temporary equity $ (8,487,994 ) $ (214,965 ) $ (753,414 ) $ (24,841,767 ) $ (629,752 ) $ (3,471,364 ) Accretion of temporary equity to redemption value 5,069,727 — — 7,322,935 — — Allocation of net loss $ (3,418,267 ) $ (214,965 ) $ (753,414 ) $ (17,518,832 ) $ (629,752 ) $ (3,471,364 ) Denominator Weighted average shares outstanding, basic and diluted 56,330,222 1,426,605 5,000,000 35,780,991 907,068 5,000,000 Basic and diluted net loss per share $ (0.06) $ (0.15) $ (0.15) $ (0.49) $ (0.69) $ (0.69)
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the accompanying financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	5 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of Reconciliation of Net Loss Per Common Stock	A reconciliation of net loss per common stock is as follows: For the three Inception-to- Net loss $ (4,386,646 ) $ (21,619,948 ) Accretion of temporary equity to redemption value (5,069,727 ) (7,322,935 ) Net loss including accretion of temporary equity to redemption value $ (9,456,373 ) $ (28,942,883 ) For the three months ended June 30, 2021 Inception-to-date Class A-t Class A-p Class B Class A-t Class A-p Class B Basic and diluted net loss per share Numerator Allocation of net loss including accretion of temporary equity $ (8,487,994 ) $ (214,965 ) $ (753,414 ) $ (24,841,767 ) $ (629,752 ) $ (3,471,364 ) Accretion of temporary equity to redemption value 5,069,727 — — 7,322,935 — — Allocation of net loss $ (3,418,267 ) $ (214,965 ) $ (753,414 ) $ (17,518,832 ) $ (629,752 ) $ (3,471,364 ) Denominator Weighted average shares outstanding, basic and diluted 56,330,222 1,426,605 5,000,000 35,780,991 907,068 5,000,000 Basic and diluted net loss per share $ (0.06) $ (0.15) $ (0.15) $ (0.49) $ (0.69) $ (0.69)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	5 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Summary of Assets That are Measured at Fair Value on a Recurring Basis	The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2021 including the fair value hierarchy of the valuation input that the Company utilized to determine such fair value. Description Level June 30, 2021 Assets: Marketable securities held in Trust Account 1 $ 563,310,786 Liabilities: Derivative liability – Class K Founder Shares 3 $ 21,200,000
Summary of Fair Value Measurement Inputs and Valuation Techniques	The key inputs into the Monte-Carlo simulation model for Class K Founder Shares were as follows: Input January 29, 2021 June 30, 2021 Risk-free interest rate 1.19 % 1.51 % Term to business combination 1.4 years 1.0 years Expected volatility 21.50 % 15.00 % Stock price $ 10.00 $ 9.87 Dividend yield 0.00 % 0.00 %
Summary of Changes in the Fair Value Of the Class K Founder Shares Liability	The following table presents a summary of the changes in the fair value of the Class K Founder Shares liability, a Level 3 liability, measured on a recurring basis, as of June 30, 2021: Class K Founder Shares Fair value, January 29, 2021 (inception) $ 47,900,000 Change in fair value of Class K Founder Shares liability (30,750,000 ) Fair value, March 31, 2021 (unaudited) $ 17,150,000 Change in fair value of Class K Founder Shares liability 4,050,000 Fair value, June 30, 2021 (unaudited) $ 21,200,000

Description of Organization, _2

Description of Organization, Business Operations, Going Concern - Additional Information (Detail) - USD ($)	Mar. 26, 2021	Mar. 31, 2021	Jun. 30, 2021	Jan. 29, 2021	Jan. 28, 2021
Entity Incorporation, Date of Incorporation			Jan. 29, 2021
Proceeds from Issuance Initial Public Offering	$ 500,000,000
Proceeds from Issuance of Private Placement			$ 14,266,050
Gross proceeds from share issued			$ 551,312,494
Threshold Percentage of Stock Price Trigger obligation to redeem			100.00%
Number of business days after the expiry date within which the public shares shall be redeemed			24 months
Percentage Of The Net Assets Of The Target Company Excluding The Amount Of Any Deferred Underwriting Commissions			80.00%
Equity method investment ownership percentage			50.00%
Per share amount to be maintained in the trust account			$ 10
Maturity Of Investment Held In Trust Account			180 days
Number of business days to complete business combination			24 months
Interest Expense, Trust Account			$ 100,000
Liquidation Basis of Accounting, Liquidation Plan			of (i) $10.00 per public share and (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims.
Operating bank account			$ 557,632	$ 0	$ 0
Securiites held in trust account			$ 1,245,496
Stock Issued During Period, Value, Issued for Services		$ 0
Held in the Trust Account [Member]
Shares Issued, Price Per Share			$ 10
Securiites held in trust account			$ 563,302,226
KVSB Sponsor [Member]
Debt Instrument, Face Amount			300,000
KVSB Sponsor [Member] \| KVSB Working Capital Loan [Member]
Working Capital Loans Convertible Into Shares			$ 1,500,000
Debt conversion covertible conversion price			$ 10
Due to Related Parties			$ 0
Public Stockholders [Member]
Net tangible assets			$ 5,000,001
Percentage of public shareholding eligible for redemption without prior consent			15.00%
Percentage of public shareholding eligible for redemption on non occurrence of business combination			100.00%
IPO
Stock Issued During Period, Shares, New Issues	563,302,226
Shares Issued, Price Per Share	$ 10
Proceeds from Issuance Initial Public Offering			$ 3,000,000
Sale of stock issue price per share	$ 10
Private Placement
Shares Issued, Price Per Share			$ 10
Proceeds from Issuance of Private Placement			$ 14,266,050
Gross proceeds from share issued	$ 19,715,578
Sale of Stock, Number of Shares Issued in Transaction			126,605
Sale of Stock, Consideration Received on Transaction			$ 1,266,050
Class A Common Stock
Stock Issued During Period, Shares, New Issues	56,330,222		56,330,222
Common Stock, Par or Stated Value Per Share			$ 0.0001
Class A Common Stock \| IPO
Stock Issued During Period, Shares, New Issues	50,000,000		50,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001
Shares Issued, Price Per Share	$ 10
Class A Common Stock \| Over-Allotment Option
Stock Issued During Period, Shares, New Issues	6,330,222		6,330,222
Shares Issued, Price Per Share	$ 10		$ 10
Class A Common Stock \| Private Placement
Stock Issued During Period, Shares, New Issues	1,300,000	1,426,605
Shares Issued, Price Per Share	$ 10
Proceeds from Issuance of Private Placement	$ 13,000,000
Sale of stock issue price per share			$ 10
Sale of Stock, Number of Shares Issued in Transaction			1,300,000
KVSB Founder Shares [Member]
Stock Issued During Period, Value, Issued for Services			$ 25,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	5 Months Ended
	Jun. 30, 2021	Jan. 29, 2021	Jan. 28, 2021
Cash	$ 557,632
Cash equivalents	557,632	$ 0	$ 0
Cash, FDIC Insured Amount	$ 250,000
Common stock subject to possible redemption	56,330,222
Shares measured to their redemption amount due to initial carrying amount of the common stock is less price per share	10
Temporary Equity, Redemption Price Per Share	$ 10
Accretion of Class A Common Stock to redemption value	$ 31,705,310
Stock issuance costs	31,705,310
Unrecognised tax benefits	0
Additional Paid-in Capital
Accretion of Class A Common Stock to redemption value	14,277,907
Accumulated Deficit
Accretion of Class A Common Stock to redemption value	$ 17,427,403
Common Class A [Member]
Common stock subject to possible redemption	56,330,222
Triggering Events Stock Trading Price One [Member] \| Common Class A [Member]
Conversion of share, price per share	$ 20
Triggering Events Stock Trading Price Two [Member] \| Common Class A [Member]
Conversion of share, price per share	25
Triggering Events Stock Trading Price Three [Member] \| Common Class A [Member]
Conversion of share, price per share	$ 30

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Reconciliation of Net Loss Per Common Stock (Detail) - USD ($)	2 Months Ended	3 Months Ended	5 Months Ended
	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss	$ (17,233,302)	$ (4,386,646)	$ (21,619,948)
Accretion of temporary equity to redemption value		(5,069,727)	(7,322,935)
Net loss including accretion of temporary equity to redemption value		(9,456,373)	(28,942,883)
Basic and diluted net income (loss) per share Numerator
Allocation of net loss including accretion of temporary equity		(9,456,373)	(28,942,883)
Accretion of temporary equity to redemption value		5,069,727	7,322,935
Allocation of net loss	$ (17,233,302)	(4,386,646)	(21,619,948)
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss		(214,965)	(629,752)
Net loss including accretion of temporary equity to redemption value		(214,965)	(629,752)
Basic and diluted net income (loss) per share Numerator
Allocation of net loss including accretion of temporary equity		(214,965)	(629,752)
Allocation of net loss		$ (214,965)	$ (629,752)
Denominator
Weighted average number of shares outstanding, basic and diluted		1,426,605	907,068
Earnings per share, basic and diluted		$ (0.15)	$ (0.69)
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss		$ (753,414)	$ (3,471,364)
Net loss including accretion of temporary equity to redemption value		(753,414)	(3,471,364)
Basic and diluted net income (loss) per share Numerator
Allocation of net loss including accretion of temporary equity		(753,414)	(3,471,364)
Allocation of net loss		$ (753,414)	$ (3,471,364)
Denominator
Weighted average number of shares outstanding, basic and diluted		5,000,000	5,000,000
Earnings per share, basic and diluted		$ (0.15)	$ (0.69)
Common stock subject to possible redemption \| Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss		$ (3,418,267)	$ (17,518,832)
Accretion of temporary equity to redemption value		(5,069,727)	(7,322,935)
Net loss including accretion of temporary equity to redemption value		(8,487,994)	(24,841,767)
Basic and diluted net income (loss) per share Numerator
Allocation of net loss including accretion of temporary equity		(8,487,994)	(24,841,767)
Accretion of temporary equity to redemption value		5,069,727	7,322,935
Allocation of net loss		$ (3,418,267)	$ (17,518,832)
Denominator
Weighted average number of shares outstanding, basic and diluted		56,330,222	35,780,991
Earnings per share, basic and diluted		$ (0.06)	$ (0.49)

Initial Public Offering - Addit

Initial Public Offering - Additional Information (Detail) - USD ($)	Mar. 26, 2021	Mar. 31, 2021	Jun. 30, 2021
Proceeds from Issuance of Private Placement			$ 14,266,050
IPO
Sale of private placement shares,Shares	563,302,226
Shares Issued, Price Per Share	$ 10
Private Placement
Shares Issued, Price Per Share			$ 10
Proceeds from Issuance of Private Placement			$ 14,266,050
Sale of Stock, Number of Shares Issued in Transaction			126,605
Sale of Stock, Consideration Received on Transaction			$ 1,266,050
Class A Common Stock
Sale of private placement shares,Shares	56,330,222		56,330,222
Class A Common Stock \| IPO
Sale of private placement shares,Shares	50,000,000		50,000,000
Shares Issued, Price Per Share	$ 10
Class A Common Stock \| Over-Allotment Option
Sale of private placement shares,Shares	6,330,222		6,330,222
Shares Issued, Price Per Share	$ 10		$ 10
Additional amount placed in the trust account			$ 63,302,226
Class A Common Stock \| Private Placement
Sale of private placement shares,Shares	1,300,000	1,426,605
Shares Issued, Price Per Share	$ 10
Proceeds from Issuance of Private Placement	$ 13,000,000
Sale of Stock, Number of Shares Issued in Transaction			1,300,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Mar. 30, 2021	Mar. 26, 2021	Mar. 10, 2021	Jan. 29, 2021	Mar. 31, 2021	Jun. 30, 2021	Feb. 08, 2021
Due to Related Parties, Current						$ 5,300
Stock shares issued during the period for services value					$ 0
Private Placement [Member]
Sale of Stock, Number of Shares Issued in Transaction						126,605
Sponser [Member]
Maximum Borrowing Capacity							$ 300,000
Founder shares [Member]
Stock shares issued during the period for services shares				10,000,000
Stock shares issued during the period for services value				$ 25,000
Common Class A [Member]
Stock issued during period, shares, and new issues		56,330,222				56,330,222
Common Class A [Member] \| Private Placement [Member]
Sale of Stock, Number of Shares Issued in Transaction						1,300,000
Sale of Stock, Price Per Share						$ 10
Sale of Stock, Consideration Received Per Transaction						$ 13,000,000
Stock issued during period, shares, and new issues		1,300,000			1,426,605
Minimum threshold days Shares not to transferred from completion of business combination						30 days
Common Class A [Member] \| Forward purchase agreement [Member]
Sale of Stock, Number of Shares Issued in Transaction						1,000,000
Sale of Stock, Price Per Share						$ 10
Sale of Stock, Consideration Received Per Transaction						$ 10,000,000
Common Class A [Member] \| Sponser [Member] \| Private Placement [Member]
Sale of Stock, Price Per Share	$ 10
Additional number of shares issued	126,605
Additional proceeds from issuance of private placement	$ 1,266,050
Stock issued during period, shares, and new issues						14,266,050
Common Class B [Member]
Stock shares issued during the period for services shares			120,000
Stock shares issued during the period for services value			$ 300
Class B Founder Shares [Member]
Stock shares issued during the period for services shares				5,000,000
Stock shares issued during the period for services value				$ 5,000,000
Percent of stock convertible						15.00%
Class K Founder Shares [Member]
Percent of stock convertible						30.00%
Triggering events stock trading price one						20.00%
Triggering events stock trading price two						25.00%
Triggering events stock trading price three						30.00%

Commitments & Contingencies - A

Commitments & Contingencies - Additional Information (Detail) - USD ($)	Mar. 26, 2021	Jun. 30, 2021
Loss Contingencies [Line Items]
Deferred underwriting fees payable		$ 19,715,578
Over-Allotment Option [Member]
Loss Contingencies [Line Items]
Additional number of shares purchased		7,500,000
Over-Allotment Option [Member] \| Common Class A [Member]
Loss Contingencies [Line Items]
Shares Issued, Price Per Share	$ 10	$ 10
IPO [Member]
Loss Contingencies [Line Items]
Shares Issued, Price Per Share	10
IPO [Member] \| Common Class A [Member]
Loss Contingencies [Line Items]
Shares Issued, Price Per Share	$ 10
Additional number of shares issued	6,330,222

Stockholders' Deficit - Additio

Stockholders' Deficit - Additional Information (Detail)	5 Months Ended
Stockholders' Deficit - Additional Information (Detail)	Jun. 30, 2021$ / sharesshares
Preferred Stock Par Value Per Share \| $ / shares	$ 0.0001
Preferred Stock Shares Authorized	1,000,000
Preferred Stock Shares Issued	0
Preferred Stock Shares Outstanding	0
Common stock subject to possible redemption	56,330,222
Common Class A [Member]
Common Stock Par Value Per Share \| $ / shares	$ 0.0001
Common Stock Shares Authorized	200,000,000
Common Stock Shares Issued	1,426,605
Common Stock Shares Outstanding	1,426,605
Common stock subject to possible redemption	56,330,222
Common Stock voting rights	one vote
Common Class B [Member]
Common Stock Par Value Per Share \| $ / shares	$ 0.0001
Common Stock Shares Authorized	30,000,000
Common Stock Shares Issued	5,000,000
Common Stock Shares Outstanding	5,000,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets That are Measured at Fair Value on a Recurring Basis (Detail) - Fair Value, Recurring [Member]	Jun. 30, 2021USD ($)
Marketable Securities Held In Trust Account [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets:
Marketable securities held in Trust Account	$ 563,310,786
Class K Founder Shares Liability [Member] \| Fair Value, Inputs, Level 3 [Member]
Liabilities:
Derivative liability – Class K Founder Shares	$ 21,200,000

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Fair Value Measurement Inputs and Valuation Techniques (Detail) - Class K Founder Shares Liability [Member]	Jun. 30, 2021yearsshares	Jan. 29, 2021yearsshares
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0.0151	0.0119
Term to business combination
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input \| years	1	1.4
Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0.1500	0.2150
Stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input \| shares	9.87	10
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0	0

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Changes in the Fair Value Of the Class K Founder Shares Liability (Detail) - Class K Founder Shares Liability [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($)	2 Months Ended	3 Months Ended
	Mar. 31, 2021	Jun. 30, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance, shares	$ 47,900,000	$ 17,150,000
Change in fair value of Class K Founder Shares liability	(30,750,000)	4,050,000
Ending balance, shares	$ 17,150,000	$ 21,200,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	5 Months Ended
Fair Value Measurements - Additional Information (Detail)	Jun. 30, 2021USD ($)
Fair Value Disclosures [Abstract]
Fair value transfers to and from levels 1,2 and 3	$ 0