SEC Filing Summary: Data Knights Acquisition Corp. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Data Knights Acquisition Corp. (not Onemednet Corp.) on August 11, 2023. The registrant is a Delaware corporation and an emerging growth company. The filing reports a specific corporate event regarding the extension of its deadline to consummate an initial business combination.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, or margin data. The only specific financial figure disclosed is:
- Trust Account Deposit: $75,000 deposited into the trust account for public stockholders.
Debt, liquidity, and cash flow metrics outside of this specific deposit are not detailed in this report.
Material Changes
The primary material change is the extension of the company's timeline to complete a merger or business combination:
- Previous Deadline: August 11, 2023.
- New Deadline: September 11, 2023.
- Duration of Extension: One month.
Outlook, Risks, and Management Commentary
Management announced the extension via a press release (Exhibit 99.1). The extension was executed in accordance with the Company's governing documents. No specific risks, contingencies, or unusual items beyond the standard SPAC extension mechanics are detailed in the text of this filing.
Investor Verification Checklist
- Verify the total balance of the trust account following the $75,000 deposit.
- Confirm the terms of the extension, including any potential dilution or interest accrual on the trust account.
- Review the attached press release (Exhibit 99.1) for details on the status of potential business combination targets.
- Check for any subsequent filings regarding further extensions or liquidation if a deal is not completed by September 11, 2023.