Data Knights Acquisition Corp. (DKDCA) Shareholders Approve OneMedNet Deal
by Marlena Haddad on 2023-10-18 at 4:42pm
Data Knights Acquisition Corp. (NASDAQ:DKDCA) announced that its shareholders approved its combination with medical image archiver OneMedNet at a special meeting held yesterday.
In connection with the meeting, stockholders holding 1,614,148 shares of Class A Common Stock exercised their right to redeem such shares for a pro-rata portion of the funds.
As a result, $17.9 million, approximately $11.12 per share, will be removed from Data Knights’ trust, leaving around $1.1 million in the account.
The parties have not yet provided a timeline regarding the closing of the deal, but the combined company is expected to trade on the Nasdaq once it is completed.
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.
All other proposals on the ballot were approved by stockholders with minimal pushback.
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