Business Context and Reporting Period
This Form 8-K was filed by Data Knights Acquisition Corp. (DKDC) on July 22, 2022. The filing serves as a Regulation FD disclosure regarding the progress of a previously announced business combination with OneMedNet Corporation, Inc. (OneMedNet). The definitive Merger Agreement was originally entered into on April 25, 2022. This report announces the filing of a registration statement on Form S-4 with the SEC related to the merger.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for either Data Knights Acquisition Corp. or OneMedNet. This document is a procedural update regarding the merger process rather than a financial results report.
Material Changes
- Form S-4 Filing: The Company has filed a registration statement on Form S-4 under the Securities Act of 1933, relating to the Merger Agreement and the transactions contemplated thereby.
- Proxy Statement Status: A Prospectus and Proxy Statement have been filed with the SEC and will be delivered to stockholders once definitive.
Guidance, Outlook, and Risks
Management Commentary and Outlook: The filing indicates that the merger process is advancing toward stockholder approval. Stockholders will receive a definitive Prospectus and Proxy Statement containing important information about the business combination. A record date for voting will be established.
Risks and Contingencies:
- Investment Decision Warning: The document explicitly states it does not contain all information necessary for an investment decision and is not intended to form the basis of any decision regarding the business combination.
- Regulatory Compliance: No offering of securities will be made except by means of a prospectus meeting Section 10 requirements of the Securities Act of 1933 or an exemption therefrom.
- Liability Disclaimer: The information furnished in Item 7.01 is not deemed filed for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section.
Investor Verification Checklist
- Verify the contents of the definitive Prospectus and Proxy Statement once distributed, as this 8-K is not a complete disclosure document.
- Confirm the record date for stockholder voting on the business combination.
- Review the Form S-4 registration statement filed with the SEC for detailed terms of the merger.
- Check the SEC website (www.sec.gov) for the latest filings and amendments regarding Data Knights Acquisition Corp. and OneMedNet.