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Data Knights Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination Minneapolis, MN and London, UK

Key Takeaway: Data Knights Acquisition Corp. announced the deposit of $75,000 into its trust account, extending its timeline to complete the initial business combination by one month, moving the deadline from August 11, 2023, to September 11, 2023. This marks the first of nine possible one-month extensions permitted by the company's governing documents. Forward-looking statements regarding the company's future offerings carry significant risks and uncertainties.

Market Sentiment Analysis

POSITIVE FACTORS

  • Company has secured funding of $75,000 for operations.
  • Extension allows additional time to finalize business dealings.

Full Press Release Details

Data Knights Acquisition Corp. Confirms Funding
to Extend Period to Consummate Initial Business
MN and London, UK, August 11, 2023 - Data Knights Acquisition Corp. ("Data Knights" or the "Company")
(Nasdaq: DKDCU, DKDCA, DKDCW), a special purpose acquisition company, today announced that it caused to be deposited $75,000 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 August 11, 2023 to September 11, 2023 (the "Extension"). The Extension is the first of nine (9) one-month
extensions permitted under the Company's governing documents.
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 Securities and Exchange Commission (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.
Phone: +44 203 833 4000

Frequently Asked Questions

What is Data Knights Acquisition Corp. planning?

Data Knights Acquisition Corp. is extending the period for its initial business combination.

How much funding did Data Knights deposit?

Data Knights deposited $75,000 into its trust account for the extension.

What is the new deadline for the business combination?

The deadline has been extended to September 11, 2023.

How many extensions can Data Knights have?

Data Knights is allowed up to nine one-month extensions.

Where can I find the company's registration documents?

The registration documents are available on the SEC's website, www.sec.gov.

Last updated: Aug 11, 2023