Owl Creek Amends OneMedNet Stake, Signals Ownership Change

TL;DR

**Owl Creek Asset Management updated its OneMedNet stake, watch for potential market reaction.**

AI Summary

Owl Creek Asset Management, L.P. filed an amended Schedule 13G/A on February 5, 2024, indicating their ownership in OneMedNet Corporation (formerly Data Knights Acquisition Corp.) as of December 31, 2023. This filing is an amendment, suggesting a change in their previously reported holdings. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.

Why It Matters

This filing reveals an update to a major institutional investor's position in OneMedNet, which can impact market perception and potentially the stock's liquidity and price stability.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently signal high risk, but rather provides transparency.

Analyst Insight

Investors should review the full Schedule 13G/A to understand the specific changes in Owl Creek Asset Management's ownership percentage and share count in OneMedNet Corporation, as this could signal a shift in institutional confidence or strategy.

Key Numbers

• 68270C103 — CUSIP Number (identifies OneMedNet Corporation's Class A Common Stock)
• 0001849380 — Central Index Key (CIK) (unique identifier for OneMedNet Corp.)
• 0001313756 — Central Index Key (CIK) (unique identifier for Owl Creek Asset Management, L.P.)

Key Players & Entities

• Owl Creek Asset Management, L.P. (company) — the reporting person filing the SC 13G/A
• OneMedNet Corporation (company) — the subject company whose securities are being reported
• Data Knights Acquisition Corp. (company) — the former name of OneMedNet Corporation
• December 31, 2023 (date) — the date of the event which required the filing
• February 5, 2024 (date) — the filing date of the SC 13G/A
• $0.0001 (dollar_amount) — par value per share of Class A Common Stock

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0538sc13ga.htm (SC 13G/A) — 60KB
• 0000902664-24-001030.txt ( ) — 62KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is OneMedNet Corporation (f/k/a D ata Knights Acquisition Corp .) (the “ Issuer ”).

(b)

Item 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: The Issuer’s principal executive offices are located at 6385 Old Shady Oak Road, Suite 250, Eden Prairie, MN 55344.

(a)

Item 2(a). NAME OF PERSON FILING: (i) Owl Creek Asset Management, L.P., a Delaware limited partnership and the investment manager of Owl Creek Credit Opportunities Master Fund, Ltd. (the “ Owl Creek Fund ”), with respect to the shares of Class A Common Stock that were owned by the Owl Creek Fund and (ii) Jeffrey A. Altman (“ Mr. Altman ”), as managing member of the general partner of Owl Creek Asset Management, L.P., with respect to the shares of Class A Common Stock that were owned by the Owl Creek Fund. The foregoing persons are hereinafter sometimes collectively referred to as the “ Reporting Persons .”

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 640 Fifth Avenue, 20th Floor, New York, NY 10019.

(c)

Item 2(c). CITIZENSHIP: Owl Creek Asset Management, L.P. is a limited partnership organized under the laws of the State of Delaware. Mr. Altman is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Class A common stock, $0.0001 par value (the “ Class A Common Stock ”).

(e)

Item 2(e). CUSIP NUMBER: 68270C103 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); CUSIP No. 68270C103 13G/A Page 5 of 7 Pages (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:________________________________________ Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: x Item 6. Not applicable. Item 7. IDENTIFICATION AND CLA

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 5, 2024 /s/ Jeffrey A. Altman Jeffrey A. Altman, individually and as managing member of the general partner of Owl Creek Asset Management, L.P.

View Full Filing

View this SC 13G/A filing on SEC EDGAR