Business Context and Reporting Period
This Form 8-K is filed by Data Knights Acquisition Corp. (not Onemednet Corp) on October 12, 2023, reporting an event that occurred on October 10, 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 figure 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 from October 11, 2023, to November 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 performance, or new risk factors are detailed in this report beyond the necessity of the extension to continue seeking a business combination.
Investor Verification Checklist
- Verify the new deadline for consummating an initial business combination is November 11, 2023.
- Confirm the $75,000 deposit into the trust account was successfully processed.
- Review the attached press release (Exhibit 99.1) for any additional terms regarding the extension.
- Note that the registrant name in the filing is Data Knights Acquisition Corp., distinct from the metadata request.