Data Knights Acquisition Corporation announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DKDCU” Friday, May 7.
The new SPAC aims to combine with a company focused on data centers and internet technology sectors. Data Knights is led by Chairman and CEO Barry Anderson, and CFO Firdauz Edmin Bin Mokhta.
Total SPAC deal count for 2021 year-to-date is now 314. This offering is expected to close on Tuesday, May 11.
Kingswood Capital Markets is acting as the book-running manager of the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Oxley Bridge Acquisition Limited (NASDAQ:OBAU) has filed for a $220 million SPAC with a focus on finding a consumer or technology target in an Asian country other than China. The new SPAC is not overfunded and offers a 1/2 warrant in each unit with 24 months to initially complete a business combination without an automatic...
At the SPAC of Dawn While the world was glued to the public falling out between Elon Musk and President Donald Trump yesterday with a mix of bemusement and surprise, the spat is not without its ramifications for de-SPACs and sectors that searching SPACs have favored. Trump leveled a threat toward Musk’s many government contracts...
Churchill IX (NASDAQ:CCIX) has entered into a definitive agreement to combine with autonomous trucking technology firm Plus at a pro forma enterprise value of $1.308 billion. Santa Clara, California-based Plus is developing software to autonomously drive heavy trucks that it expects to launch commercially in 2027. The combined company is expected to trade on the...
At the SPAC of Dawn Following yesterday’s ADP data reading showing that the US job market is cooling, the trading session is to begin today with an update on initial jobless claims, which had been expected to fall slightly. The market will also get trade deficit and productivity readouts before a pair of speeches by...
At the SPAC of Dawn Space has been one of the most promising sectors for SPAC deals in recent years with four of the 14 de-SPACs that closed deals dating back to 2019 now trading above $10 and two of these above $20. A new company is about to test the traditional route to market,...