Viking Acquisition to Merge with NorthStar Earth & Space

An update from Viking Acquisition Corp. I Class A ( (VACI) ) is now available.

On April 16, 2026, Viking Acquisition Corp. I, a Cayman Islands SPAC, signed a business combination agreement with NorthStar Earth & Space that will see Viking redomicile to Canada, merge with NorthStar via a CBCA plan of arrangement and rebrand as “NorthStar,” issuing about 30 million shares at a $300 million valuation plus up to 10 million earnout shares tied to revenue run-rate targets. The deal, backed by a fully committed $30 million PIPE featuring 3 million transferred founder shares and warrants, is expected to close in the third quarter of 2026 subject to shareholder, court, regulatory and listing approvals, and is intended to fund NorthStar’s sensor payload capex, accelerate deployment of its space-based surveillance network and scale its SSA/SDA analytics platform while aligning insiders through lock-ups, support agreements and revised registration rights.

More about Viking Acquisition Corp. I Class A

NorthStar Earth & Space Inc. is a space and satellite data analytics company focused on Space Situational Awareness and Space Domain Awareness, using a planned constellation of space-based sensors to monitor orbital activity, detect threats and enhance satellite safety for defense, civil and commercial customers. Headquartered in Montreal with operations in Luxembourg and New York, the company targets the rapidly expanding global space economy by providing geospatial intelligence and orbital sustainability services.

Average Trading Volume: 73,709

Technical Sentiment Signal: Strong Buy

Current Market Cap: $314.2M

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