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Data Knights Acquisition Corp. (DKDCW) is a leader in identifying high-potential merger targets across industries. This news hub provides investors with timely updates on strategic moves shaping the company's growth trajectory.
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OneMedNet Corporation and Data Knights Acquisition Corp. have filed a registration statement for their proposed business combination, with completion expected in H2 2022, subject to shareholder approval and SEC clearance. The transaction values OneMedNet at a pro forma enterprise value of $317 million. In Q1 2022, OneMedNet reported $233,966 in net sales, a 34% increase year-over-year. This merger aims to enhance data solutions for healthcare providers, leveraging OneMedNet's regulatory-grade imaging real-world data capabilities.
Data Knights Acquisition Corp. (NASDAQ: DKDCA, DKDCW) has deposited $1,150,000 into its Trust account, providing $0.10 per public share, to extend its deadline for the initial business combination with OneMedNet Corporation by three months, from May 11, 2022, to August 11, 2022. This extension allows additional time to finalize the merger, previously announced on April 25, 2022. Data Knights is a special purpose acquisition company focused on merging with tech or software firms.
Data Knights Acquisition Corp. has announced that holders of its initial public offering units can now trade shares of Class A common stock and warrants separately, starting June 22, 2021. This follows the completion of an IPO, where 11,500,000 units were sold on May 11, 2021. The units will continue to trade under ticker DKDCU, while separated Class A common stock and warrants will trade as DKDCA and DKDCW on Nasdaq. The offering was registered with the SEC, and the company emphasizes that this press release is not an offer to sell or solicit securities.
Data Knights Acquisition Corp. has priced its initial public offering at $10.00 per unit, raising a total of $100 million. Each unit consists of one share of Class A common stock and one redeemable warrant, which gives holders the right to purchase additional shares at $11.50 each. The units will trade on Nasdaq under the symbol DKDCU starting May 7, 2021. The company, focusing on mergers in the data centers and internet technology sectors, is sponsored by Serba Dinamik Group Berhad. The registration statement was declared effective by the SEC on May 6, 2021.
