Data Knights Acquisition Corp. (DKDCA) Completes OneMedNet Deal
by Marlena Haddad on 2023-11-07 at 2:41pm

Data Knights Acquisition Corp. (NASDAQ:DKDCA) announced this afternoon that it has completed its business combination with medical image archiver OneMedNet.

The business combination was previously approved by Data Knights’ stockholders at a special meeting held on October 17, but at that time, the SPAC did not provide a timeline regarding the closing of the deal.

In connection with last month’s meeting, stockholders holding 1,614,148 shares of Class A Common Stock exercised their right to redeem such shares. As a result, $17.9 million, approximately $11.12 per share, was removed from Data Knights’ trust, leaving around $1.1 million in the account.

Starting tomorrow, November 8, OneMedNet’s shares of common stock and warrants will trade on the Nasdaq under the ticker symbols “ONMD” and “ONMDW”, respectively. The combined company will now operate as OneMedNet Corporation.

Data Knights initially announced its $317 million combination with OneMedNet in April 2022. Minneapolis-based OneMedNet provides researchers with an archive of regulatory-grade medical images from scans and other hospital records.

Paul Casey, OneMedNet’s current CEO will continue to lead OneMedNet’s current management team along with Aaron Green, as President, and OneMedNet’s founder, Dr. Jeffrey Yu, as Chairman and Chief Medical Officer.

Recent Posts
by Marlena Haddad on 2023-11-28 at 10:03am

Plum Acquisition Corp. I (NASDAQ:PLMI) has entered into a definitive agreement to combine with digital transformation company Veea for a total enterprise value of approximately $281 million. New York City-based Veea aims to simplify secure edge computing by improving application responsiveness, reducing bandwidth and data transport costs, and eliminating central cloud dependency. The parties expect the transaction to be...

by Nicholas Alan Clayton on 2023-11-28 at 8:43am

L Catterton Asia (NASDAQ:LCAA) announced this morning that it has upsized the committed financing in its combination with EV sports car maker Lotus to $870 million in total. The latest fuel injection comes in the form of $750 million in convertible notes and PIPE commitments under so far undisclosed terms. Counted purely as a PIPE,...

by Nicholas Alan Clayton on 2023-11-28 at 7:43am

At the SPAC of Dawn SPAC closing timelines can always be somewhat unpredictable, but PROOF I (NYSE:PACI) has the opportunity today to vie for a recent speed record today. It announced a combination with private aviation firm Volato 118 days ago on August 2 and its shareholders are set to vote to approve the combination...

by Marlena Haddad on 2023-11-27 at 1:21pm

Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K today that it has once again modified its agreement with sustainable energy firm Global Hydrogen. This amendment marks a reduction in Global Hydrogen’s equity value from $48 million to $43 million, alongside an increase in the available shares of common stock that is for the Global Gas Corporation...

by Nicholas Alan Clayton on 2023-11-27 at 7:43am

At the SPAC of Dawn After mixed signals for the consumer sector earlier this month, initial Black Friday sales numbers have shown that Americans were not too stuffed for a shopping spree this year. Shoppers bagged between $9.8 billion and $10 billion in goods online, depending on one’s preferred source, either of which would be...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved