Data Knights Acquisition filed a preliminary prospectus and proxy outlining its proposed merger with OneMedNet at a pro-forma enterprise value of $317 million.
OneMedNet’s data solutions connect healthcare providers and patients, offering direct access to clinical images and the associated contextual patient record.
Assuming no redemptions by Data Knights’ stockholders, aggregate consideration to OneMedNet equity holders will consist of up to $117 million in the SPAC’s trust and $200 million or more of rollover equity.
The combined company plans to retain up to $113 million of cash on its balance sheet following the transaction. Read more.
