Viking Acquisition Corp I

Viking Acquisition Corp I (VACI) entered into a Business Combination Agreement with NorthStar Earth and Space Inc. on April 16, 2026, which was subsequently amended on May 15, 2026, to refine transaction details and sequencing. Concurrently, VACI secured a PIPE Agreement with institutional investors for $30 million in New Viking Shares and warrants. For the six months ended June 30, 2026, the company reported a net income of $2,572,823. However, management expressed substantial doubt about the company's ability to continue as a going concern due to its liquidity condition and working capital deficit.

Viking Acquisition Corp. I announced that its proposed business combination partner, NorthStar Earth & Space, has secured a commercial services agreement with the Royal Canadian Air Force’s 3 Canadian Space Division. The deal is valued at over CAD$40 million over 12 months and involves NorthStar providing space-based surveillance capabilities to enhance mission readiness and threat detection. This collaboration reinforces NorthStar's commitment to Canada's space sector and strengthens national security objectives.

Viking Acquisition Corp I reported a net income of $1,734,928 for the three months ended March 31, 2026, primarily driven by $2,008,654 in interest income from its Trust Account. The company, a SPAC, has not yet commenced operations and is actively seeking an Initial Business Combination. However, management has identified a substantial doubt about the company's ability to continue as a going concern due to its liquidity condition and the need for additional capital to complete a business combination within the required timeframe.

Viking Acquisition Corp. I, NorthStar Earth and Space Inc., and Viking NS Amalgamation Corp. executed Amendment No. 1 to their Business Combination Agreement. This amendment modifies the sequencing and mechanics of the proposed business combination, ensuring Viking's public share redemption occurs before its continuation to Canada and prior to the closing. It also updates the transaction structure at closing, clarifies the intended U.S. and Canadian tax treatment, and includes related conforming and definitional adjustments.

Viking Acquisition Corp. I (Viking) announced it has entered into a Business Combination Agreement with NorthStar Earth and Space Inc. and Viking NS Amalgamation Corp. on April 16, 2026. This agreement outlines the terms for a business combination, which is expected to result in Viking changing its name to "NorthStar" upon the closing of the transaction.