Loan & DebtSep 21, 2026, 04:25 PM
Viking Acquisition Corp. II Amends Working Capital Note to $544,080
AI Summary
Viking Acquisition Corp. II has amended and restated its working capital note with its Sponsor, Viking Acquisition Sponsor II, LLC. The principal amount of the note has been increased to $544,080. The note does not accrue interest and is convertible into units of the post-business combination entity at the Sponsor's election. The company has relied on Section 4(a)(2) of the Securities Act for this issuance.
Key Highlights
- Viking Acquisition Corp. II issued an amended and restated convertible unsecured promissory note to its Sponsor.
- The note's principal amount is $544,080, an increase of $30,000 from the prior note.
- The note accrues no interest and is payable upon the consummation of the Company's initial business combination or winding up.
- The Sponsor can elect to convert the note into 'New Units' at $10.00 per unit upon business combination.
- The note is convertible into a maximum of 54,408 New Units, each comprising one Class A ordinary share and one-third warrant.
Price Impact
More from VII