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April 26, 2023
Barry Anderson
Chief Executive Officer
Data Knights Acquisition Corp.
Unit G6, Frome Business Park, Manor Road
Frome
United Kingdom, BA11 4FN
Re:Data Knights Acquisition Corp.
Amendment No. 5 to Registration Statement on Form S-4
Filed April 11, 2023
File No. 333-266274
Dear Barry Anderson:
            We have reviewed your amended registration statement and have the following
comments.  In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
            Please respond to this letter by amending your registration statement and providing the
requested information.  If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.  Unless we note
otherwise, our references to prior comments are to comments in our February 17, 2023 letter.
Amendment No. 5 to Registration Statement on Form S-4
OneMedNet Revenue Projections, page 117
1.We note that the projections the Board relied upon in conducting their valuation analysis
assumed OneMedNet's revenue for 2022 would be $3.8 million, yet you disclose that
OneMedNet's actual revenue for 2022 was $1.53 million.  Given the disparity in actual
and projected revenue, please tell us whether management expects the results for future
periods to differ materially from the projections, and describe what consideration the
Board gave to obtaining updated projections or a lack of reliance upon the projections.
Further, please amend your disclosure in this section to discuss whether the 2022 actual
results have altered the Board's consideration and decision to recommend the business

 FirstName LastNameBarry Anderson
 Comapany NameData Knights Acquisition Corp.
 April 26, 2023 Page 2
 FirstName LastName
Barry Anderson
Data Knights Acquisition Corp.
April 26, 2023
Page 2
combination and explain why the board is still recommending the transaction if results
materially differ from these projections.
Executive Compensation of OneMedNet
Outstanding Equity Awards, page 198
2.We note your revised disclosure in response to comment 5 and reissue our comment in
part.  Please include the disclosure required by Item 402(p).  Refer to Item 18(a)(7)(ii) of
Form S-4.
General
3.We note your revised disclosure in response to comment 7 and reissue our comment in
part.  Please revise the disclosure throughout so the following is clear to investors:

•The anticipated timing of the SEPA Financing and the name of the counterparty.  In
this regard, we note your disclosure states it may occur "in the very near future."
Clarify whether you expect this to occur prior to the effectiveness of this registration
statement and/or the closing of the business combination;
•Whether you would issue shares at a discount in the SEPA Financing, and, if so,
include a risk factor indicating that shares issued at a discount could result in negative
pressure on your stock price following the Business Combination;
•The total potential dilutive impact of the SEPA at each of the redemption levels
detailed in your sensitivity analysis.  In this regard, it appears you have only
presented the potential dilution as of a date immediately after the business
combination, yet you disclose elsewhere that you have received a term sheet for a
SEPA Financing for up to $50 million;
•Revise the Background of the Business Combination section beginning on page 106
to include a discussion of negotiations relating to the SEPA Financing, including
background on when and why you decided to pursue this additional financing
arrangement and the status of such arrangements; and
•Revise the risk factor on page 70 to present the ownership of the post-combination
company without including the PIPE financing and consistent with the presentation
elsewhere in the filing.
            Please contact Taylor Beech at 202-551-4515 or Erin Jaskot at 202-551-3442 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc:       Larry Shackelford, Esq.