---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-040642"
form_type: "8-K"
ticker: "ONMD"
cik: "0001849380"
company_name: "OneMedNet Corp"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:29:21.680258+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# OneMedNet completes de-SPAC merger with Data Knights; begins trading on Nasdaq

## Summary
- Total merger consideration ~$200M; 32.3M shares outstanding as of Nov 8, 2023.
- Former OneMedNet holders own ~62%; Sponsor ~15.1%; convertible note holders ~16.2%; PIPE ~0.46%.
- Public stockholders redeemed 1.6M shares for pro-rata trust proceeds; remaining public hold ~0.35%.
- Executives: CEO Paul Casey ($144K salary); President Aaron Green ($350K salary, 600K RSU); CFO Lisa Embree ($225K salary, 260K RSU).
- PIPE financing of $1.5M closed at closing; senior secured convertible notes convert at lower of $10.00 or 92.5% of VWAP.

## SEC filing metadata
- accession: 0001493152-23-040642
- form_type: 8-K
- ticker: ONMD
- cik: 0001849380
- company_name: OneMedNet Corp
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 3.02, 9.01, 3.03, 5.01, 5.03, 5.05, 5.06, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/0001493152-23-040642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-040642
- JSON: https://secwatch.observer/filing/0001493152-23-040642.json
- Plain text: https://secwatch.observer/filing/0001493152-23-040642.txt

## Key facts
- Governance Changes
  OneMedNet Corp: Adopted Amended and Restated Bylaws effective as of the Closing Date.
  - Change: bylaw amendment
  source text: OneMedNet adopted the Third Amended and Restated Certificate of Incorporation and the Amended and Restated Bylaws effective as of the Closing Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/0001493152-23-040642-index.htm
- Governance Changes
  OneMedNet Corp: Data Knights ceased being a shell company as a result of the Business Combination.
  - Change: shell status
  source text: As a result of the Business Combination, Data Knights ceased being a shell company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/0001493152-23-040642-index.htm
- Governance Changes
  OneMedNet Corp: Adopted a new Code of Business Conduct and Ethics (effective 2023-11-09).
  - Change: code of ethics
  - Effective: 2023-11-09
  source text: On November 9, 2023, the Company adopted a new Code of Business Conduct and Ethics that applies to all of its employees, officers and directors, including its Chief Executive Officer, Chief Financial Officer and other executive and senior financial officers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/0001493152-23-040642-index.htm
- Governance Changes
  OneMedNet Corp: Adopted Third Amended and Restated Certificate of Incorporation effective as of the Closing Date.
  - Change: charter amendment
  source text: OneMedNet adopted the Third Amended and Restated Certificate of Incorporation and the Amended and Restated Bylaws effective as of the Closing Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/0001493152-23-040642-index.htm
- M&A Transactions
  OneMedNet Corp underwent a change of control involving Data Knights Acquisition Corp. (closed 2023-11-07).
  - Action: change of control
  - Counterparty: Data Knights Acquisition Corp.
  - Closing: 2023-11-07
  source text: On November 7, 2023, following the approval at the special meeting of the shareholders of Data Knights Acquisition Corp., a Delaware corporation held on October 17, 2023 (the “ Special Meeting ”), Data Knights Merger Sub, Inc., a Delaware corporation (“ Merger Sub ”) and a wholly-owned subsidiary of Data Knights Acquisition Corp., a Delaware corporation (“ Data Knights ”), consummated a merger (the “ Merger ”) with and into OneMedNet Solutions Corporation (formerly named OneMedNet Corporation), a Delaware corporation (“ OneMedNet ”) pursuant to an agreement and plan of merger, dated as of April 25, 2022 (the “ Merger Agreement ”), by and among Data Knights, Merger Sub, OneMedNet, Data Knights, LLC, a Delaware limited liability company (“ Sponsor ” or “ Purchaser Representative ”) in its capacity as the representative of the stockholders of Data Knights, and Paul Casey in his capacity as the representative of the stockholders of OneMedNet (“ Seller Representative ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/0001493152-23-040642-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.