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Data Knights Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination MINNEAPOLIS, MN and LONDON, UK / ACCESSWIRE /

Key Takeaway: Data Knights Acquisition Corp. has announced the successful deposit of $122,920 into its Trust account, extending the period to complete its initial business combination by one month, now due on August 11, 2023. This extension represents the eighth of the nine monthly extensions allowed under the company's governing documents, indicating ongoing efforts to solidify its strategic objectives. The company continues to navigate forward-looking projections while maintaining transparency regarding potential risks associated with its business strategies.

Market Sentiment Analysis

POSITIVE FACTORS

  • The company has successfully secured funding to extend the business combination timeline.
  • This extension allows more time to finalize potential strategic business opportunities.
  • The funding demonstrates investor confidence in the company’s future processes.

Full Press Release Details

Data Knights Acquisition Corp. Confirms Funding
to Extend Period to Consummate Initial Business
MINNEAPOLIS, MN and LONDON, UK / ACCESSWIRE
/ July 12, 2023 / Data Knights Acquisition Corp. ("Data Knights" or the "Company") (Nasdaq: DKDCA), a special
purpose acquisition company, today announced that it caused to be deposited $122,920 into the Company's Trust account, allowing
the Company to extend the period of time it has to consummate its initial business combination by one month from July 11, 2023 to August
11, 2023 (the "Extension"). The Extension is the eighth of nine monthly extensions permitted under the Company's governing
Cautionary Statement Regarding Forward-Looking
This press release contains statements that constitute
"forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the
net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which
are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement
and preliminary prospectus for the Company's offering filed with the SEC. Copies of these documents are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this
release, except as required by law.
Data Knights Acquisition Corp.

Frequently Asked Questions

What is the recent funding announcement by Data Knights?

Data Knights Acquisition Corp. announced a deposit of $122,920 to extend its business combination deadline.

What is the new deadline for Data Knights' business combination?

The deadline has been extended to August 11, 2023.

How many extensions has Data Knights utilized?

This extension marks the eighth of nine allowed monthly extensions.

Where can I find more information about Data Knights?

More details can be found in the Company's SEC registration statement.

Last updated: Jul 12, 2023