Data Knights Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination

Rhea-AI Summary

Data Knights Acquisition Corp. has deposited $122,920 into its Trust account, extending the period to consummate its initial business combination by one month.

MINNEAPOLIS, MN and LONDON, UK / ACCESSWIRE / July 12, 2023 / Data Knights Acquisition Corp. ("Data Knights" or the "Company") (NASDAQ:DKDCA), a special purpose acquisition company, today announced that on July 10, 2023 it caused to be deposited $122,920 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 July 11, 2023 to August 11, 2023 (the "Extension"). The Extension is the eighth of nine monthly extensions permitted under the Company's governing documents.

Cautionary Statement Regarding Forward-Looking Statements

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 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.

Contacts

Barry Anderson
Data Knights Acquisition Corp.
Phone: +44 203 833 4000

SOURCE: Data Knights Acquisition Corp.

View source version on accesswire.com:
https://www.accesswire.com/767297/Data-Knights-Acquisition-Corp-Confirms-Funding-to-Extend-Period-to-Consummate-Initial-Business-Combination

FAQ

What is the name of the company mentioned in the press release?

The company mentioned in the press release is Data Knights Acquisition Corp.

What is the purpose of Data Knights Acquisition Corp.?

Data Knights Acquisition Corp. is a special purpose acquisition company.

How much money was deposited into the Company's Trust account?

A total of $122,920 was deposited into the Company's Trust account.

What is the new deadline for the initial business combination?

The new deadline for the initial business combination is August 11, 2023.

How many extensions are permitted under the Company's governing documents?

A total of nine monthly extensions are permitted under the Company's governing documents.