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Viking Acquisition Corp. I Class A ( (VACI) ) has provided an update.
On April 16, 2026, Viking Acquisition Corp. I signed a Business Combination Agreement to merge with NorthStar Earth and Space Inc., using a Canadian amalgamation structure involving a new entity, Viking NS Amalgamation Corp. On May 15, 2026, the parties executed an amendment that reshapes the sequencing and mechanics of the deal, notably moving the redemption of Viking’s public shares to occur before Viking’s redomiciling to Canada and before the closing of the transaction.
The amendment also revises how shares, warrants and other equity will convert at closing and clarifies the intended tax treatment of the cross-border deal in both the U.S. and Canada, aiming to provide greater structural and tax certainty for investors. Viking plans to register the securities to be issued in the merger and solicit shareholder approval via a forthcoming SEC registration statement and proxy, while cautioning that the transaction remains subject to regulatory review, shareholder votes, financing conditions and numerous business and market risks that could affect completion and the combined company’s future performance.
More about Viking Acquisition Corp. I Class A
Viking Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed in the U.S. public markets. It focuses on effecting a business combination with an operating company, and has targeted NorthStar Earth and Space Inc., a Canadian space-based data analytics and services firm, as its merger partner to create a publicly traded entity in the satellite analytics sector.
NorthStar provides advanced Earth and space data analytics, including services that depend on proprietary technology and intellectual property, and operates as an early-stage company with a history of financial losses. Its business plan centers on commercializing analytics services for government and commercial customers, but it faces execution, cost, regulatory, and competitive risks as it scales operations and seeks to prove out its market opportunity.
Average Trading Volume: 197,591
Technical Sentiment Signal: Strong Buy
Current Market Cap: $319.2M
Find detailed analytics on VACI stock on TipRanks’ Stock Analysis page.