Data Knights Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. The company completed its initial public offering on the Nasdaq in October 2021, raising $250 million through units comprised of ordinary shares and warrants (trading under the symbol DKDCW). As a blank-check vehicle, Data Knights Acquisition holds its proceeds in a trust account while seeking a merger, share exchange, asset acquisition or similar business combination with one or more target companies.
The company is focused on identifying businesses in the technology sector, with particular interest in enterprises operating in data analytics, digital transformation and artificial intelligence. Data Knights Acquisition aims to leverage market expertise and public-company governance to support growth-stage companies that can benefit from an accelerated path to the public markets. The SPAC structure provides prospective targets with access to capital, corporate infrastructure and Nasdaq visibility.
Data Knights Acquisition’s management team comprises finance and technology professionals with experience in private equity, investment banking and corporate development. While specific leadership biographies are not broadly disclosed, the sponsors have emphasized a collaborative approach to due diligence and strategic planning. As of mid-2024, the company continues to evaluate acquisition opportunities and has not yet announced a definitive business combination.
Following its IPO, Data Knights Acquisition is subject to a defined timeframe—typically 24 to 36 months—to complete a qualifying transaction. If a deal is not consummated within that period, the company must return the trust proceeds to public shareholders and dissolve. Investors in the warrants (symbol DKDCW) hold rights to purchase additional shares upon the closing of a de-SPAC transaction, providing potential upside tied to the successful execution of the business combination.
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