Recent Updates
Recently added Catalysts
ONMD Positive Sentiment Score: 60/100

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 a funding confirmation of $75,000, which allows the company to extend the period for finalizing its initial business combination. This extension moves the deadline from September 11, 2023, to October 11, 2023. The funding is intended to assist the company in securing favorable terms for its initial public offering.

Market Sentiment Analysis

POSITIVE FACTORS

  • Company secured $75,000 to extend the business combination deadline.
  • Extension gives more time for the company to finalize its plans.

Full Press Release Details

Data Knights Acquisition Corp. Confirms Funding
to Extend Period to Consummate Initial Business Combination
Minneapolis, MN and London,
UK, September 18, 2023 - Data Knights Acquisition Corp. ("Data Knights" or the "Company") (Nasdaq: DKDCU,
DKDCA, DKDCW), a special purpose acquisition company, (the "Company"), announced today that it caused to be deposited $75,000
into the Company's trust account for its public stockholders, allowing the Company to extend the period of time it has to consummate
its initial business combination by one month-from September 11, 2023 to October 11, 2023 (the "Extension").
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 the recent funding announcement by Data Knights?

Data Knights confirmed a $75,000 deposit to extend the deadline for its initial business combination.

How long has Data Knights extended its business combination period?

The period has been extended by one month, now ending on October 11, 2023.

What is the purpose of the $75,000 deposit?

The deposit allows Data Knights to extend the time to complete its initial business combination.

Where can additional information about Data Knights be found?

More details can be accessed through the SEC's website or the company's registration statement.

What type of company is Data Knights Acquisition Corp.?

Data Knights is a special purpose acquisition company (SPAC).

Last updated: Sep 18, 2023