Viking Acquisition Corp. I to merge with NorthStar Earth & Space at $300M valuation with $30M PIPE

Viking Acquisition Corp I

Viking (VACI) entered into Business Combination Agreement with NorthStar Earth and Space Inc.; implied company valuation of $300M.
Consideration: ~30M New Viking common shares to NorthStar equityholders at closing; up to 10M additional earnout shares tied to 2027-2028 revenue targets.
Concurrent $30M PIPE financing from institutional investors, including warrants for 3M New Viking shares; Sponsor transfers 3M Founder Shares to PIPE investors.
Closing conditions include shareholder approvals, regulatory OKs, and SEC registration; outside date January 31, 2027.
Lock-up agreements: 180 days for certain NorthStar securityholders; six-month lock-up for Sponsor and other IPO parties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Viking Acquisition Corp I entered into Business Combination Agreement with NorthStar Earth and Space Inc. and Viking NS Amalgamation Corp. valued at $300 million (effective 2026-04-16).

Action: entry
Agreement: merger
Counterparty: NorthStar Earth and Space Inc. and Viking NS Amalgamation Corp.
Value: $300 million
Effective: 2026-04-16

Exact text from the filing

On April 16, 2026, Viking Acquisition Corp. I, an exempted company limited by shares incorporated under the Laws of the Cayman Islands (“ Viking ”), entered into a Business Combination Agreement (the “ Business Combination Agreement ”) with NorthStar Earth and Space Inc., a corporation existing under the Canadian Corporate Statute (the “ Company ” or “ NorthStar ”), and Viking NS Amalgamation Corp., a corporation existing under the Canadian Corporate Statute (“ NewCo ”).

View on SEC.gov

Browse all material agreements →

Viking Acquisition Corp I filing history →

Source: SEC EDGAR

accession 0001213900-26-044909

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.