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

Rhea-AI Summary

Data Knights Acquisition Corp. extends period to consummate initial business combination.

Positive

• Data Knights deposited $75,000 into the trust account, allowing them to extend the period by one month from October 11, 2023, to November 11, 2023.

Negative

• None.

MINNEAPOLIS, MN and LONDON, UK / ACCESSWIRE / October 12, 2023 / Data Knights Acquisition Corp. ("Data Knights" or the "Company") (Nasdaq:DKDCU, DKDCA, DKDCW), a special purpose acquisition company, today announced that on October 10, 2023 it caused to be deposited $75,000 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 October 11, 2023 to November 11, 2023 (the "Extension"). The Extension is the third of nine (9) one-month 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 Securities and Exchange Commission (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/792393/data-knights-acquisition-corp-confirms-funding-to-extend-period-to-consummate-initial-business-combination

FAQ

What is Data Knights Acquisition Corp?

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

What is the purpose of the extension?

The extension allows Data Knights to have more time to consummate their initial business combination.

How much money was deposited into the trust account?

$75,000 was deposited into the trust account.

What is the new deadline for the initial business combination?

The new deadline is November 11, 2023.