Data Knights Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants

Rhea-AI Summary

Data Knights Acquisition Corp. has announced that holders of its initial public offering units can now trade shares of Class A common stock and warrants separately, starting June 22, 2021. This follows the completion of an IPO, where 11,500,000 units were sold on May 11, 2021. The units will continue to trade under ticker DKDCU, while separated Class A common stock and warrants will trade as DKDCA and DKDCW on Nasdaq. The offering was registered with the SEC, and the company emphasizes that this press release is not an offer to sell or solicit securities.

Positive

• Holders can now trade Class A common stock and warrants separately, enhancing liquidity.
• Successful completion of IPO indicates strong market interest with 11,500,000 units sold.

Negative

• None.

MIAMI BEACH, FL / ACCESSWIRE / June 22, 2021 / Data Knights Acquisition Corp. ("Data Knights" or the "Company"), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, today announced that holders of the units sold in the Company's initial public offering of 11,500,000 units completed on May 11, 2021, may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about June 22, 2021. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and warrants. Those units not separated will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "DKDCU," and the Class A common stock and warrants that are separated will trade on Nasdaq under the symbols "DKDCA" and "DKDCW," respectively.

The securities described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-254029) that was originally filed with the Securities and Exchange Commission ("SEC") on March 9, 2021 and declared effective on May 6, 2021. The offering was made only by means of a prospectus, copies of which may be obtained from: EF Hutton (formerly Kingswood Capital Markets), division of Benchmark Investments, LLC, 590 Madison Ave, 39^th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002, or by visiting EDGAR on the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering and search for an initial business combination. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact
Barry Anderson
Data Knights Acquisition Corp.
Phone: 00-44-208-090-2009

SOURCE: Data Knights Acquisition Corp.

View source version on accesswire.com:
https://www.accesswire.com/652761/Data-Knights-Acquisition-Corp-Announces-the-Separate-Trading-of-Its-Class-A-Common-Stock-and-Warrants

FAQ

What are the ticker symbols for Data Knights Acquisition Corp. after the separation of units?

After the separation, the unit will trade under the symbol DKDCU, Class A common stock under DKDCA, and warrants under DKDCW.

When did the separation of Class A common stock and warrants begin?

The separation began on June 22, 2021.

How many units were sold in the Data Knights Acquisition Corp. IPO?

The IPO comprised 11,500,000 units.

What is the purpose of the Data Knights Acquisition Corp. IPO?

The IPO was aimed at raising capital for a merger, acquisition, or similar business combination.