Business Context and Reporting Period
This Form 8-K is filed by Data Knights Acquisition Corp. (not Onemednet Corp as indicated in metadata) on September 15, 2023, reporting events occurring on September 18, 2023. The registrant is a Delaware corporation and an emerging growth company operating as a Special Purpose Acquisition Company (SPAC) with securities listed on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, or cash flow data. The only specific financial metric disclosed is a deposit of $75,000 into the Company's trust account for public stockholders.
Material Changes
- Extension of Business Combination Deadline: The Company extended the date by which it must consummate an initial business combination by one month, from September 11, 2023, to October 11, 2023.
- Trust Account Funding: The extension was facilitated by the deposit of $75,000 into the trust account.
Guidance, Outlook, and Risks
The filing confirms the extension is permitted under the Company's governing documents. No specific guidance, management commentary on future operations, or new risk factors are detailed in this report beyond the necessity of completing a business combination by the new deadline to avoid liquidation.
Investor Verification Checklist
- Verify the new deadline for consummating an initial business combination is October 11, 2023.
- Confirm the $75,000 deposit into the trust account has been processed.
- Review the attached Press Release (Exhibit 99.1) for details on the extension terms.
- Note the discrepancy between the metadata company name (Onemednet Corp) and the actual registrant (Data Knights Acquisition Corp).