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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. has announced the deposit of $75,000 into its trust account, extending the deadline to complete its initial business combination by one month, from October 11, 2023, to November 11, 2023. This represents the third of nine possible one-month extensions permitted under the company's governing documents. The announcement details the company's ongoing efforts toward its proposed initial public offering, while cautioning that successful completion is not guaranteed.

Market Sentiment Analysis

POSITIVE FACTORS

  • The company secured additional funding of $75,000.
  • The extension allows more time for the initial business combination.

Full Press Release Details

Data Knights Acquisition Corp. Confirms Funding
to Extend Period to Consummate Initial Business
Minneapolis, MN and London, UK, October 12,
2023 - Data Knights Acquisition Corp. ("Data Knights" or the "Company") (Nasdaq: DKDCU, DKDCA,
DKDCW), a special purpose acquisition company, today announced that on October 10, 2023 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
October 11, 2023 to November 11, 2023 (the "Extension"). The Extension is the third 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 funding did Data Knights Acquisition Corp. confirm?

Data Knights confirmed a deposit of $75,000 into its trust account.

What is the new deadline for the business combination?

The deadline has been extended to November 11, 2023.

How many extensions can Data Knights request?

The company can request up to nine one-month extensions.

What kind of statements does the press release contain?

It includes forward-looking statements about the initial public offering.

Where can I find more information on risk factors?

More information is available in the SEC filings on their website.

Last updated: Oct 12, 2023