Viking Acquisition Corp. I and NorthStar Earth & Space Inc. deal to close

The business combination between Viking Acquisition Corp. I (NYSE: VACI) and NorthStar Earth & Space Inc. is expected to close on Wednesday, September 30, 2026, subject to the satisfaction of customary closing conditions. The transaction involves a special purpose acquisition company merging with a provider of Space Situational Awareness and Space Domain Awareness services.

Upon closing, Viking will transfer its listing from the New York Stock Exchange to NYSE American. The combined company will operate as NorthStar Earth & Space Enterprises, Inc. Common shares and public warrants for the new entity are expected to begin trading on NYSE American on Thursday, October 1, 2026, under the ticker symbols “NSTR” and “NSTR.WS,” respectively.

NorthStar describes itself as the first commercial service to deliver space-based SSA and SDA capabilities on an international scale. The company is headquartered in Montreal, Canada, with a European headquarters in Luxembourg and a dedicated U.S. operation in New York. Its information services aim to identify and anticipate the position of space objects to enhance spaceflight safety.

Viking Acquisition Corp. I is sponsored by KingsRock Advisors, LLC, an independent global advisory firm. KingsRock Securities, LLC, a FINRA member firm and SIPC member, offered the securities for Viking. KingsRock advises on corporate finance matters and private capital markets transactions, including debt, hybrid, equity, and M&A deals.

The press release includes forward-looking statements regarding the expected closing date, the first day of trading, and the anticipated benefits of the business combination. These statements are based on current expectations of management and are not predictions of actual performance. The release notes that actual events may differ from assumptions due to risks beyond the control of NorthStar and Viking.

Identified risks include the potential failure to obtain regulatory approvals or satisfy closing conditions in a timely manner. There is also a risk that the parties may not successfully consummate previously announced private placement financing or obtain additional funding. Other cited risks involve changes in domestic and foreign business, market, financial, political, and legal conditions.

Specific to NorthStar’s business, the release highlights the complexity of developing advanced data analytics services and the potential for delays that could adversely affect its prospects. The company may face challenges in controlling operational costs and accurately estimating future supply and demand for its analytics services. As an early-stage company with a history of financial losses, NorthStar expects to incur significant expenses and continuing losses from operations.

NorthStar’s business also depends heavily on its intellectual property portfolio. The release states that if the company is unable to protect its intellectual property rights, its business and competitive position could be harmed. Existing customers’ continued purchase of analytics services is also identified as a factor that could impact revenue and results of operations.

Viking’s additional risks are detailed in the “Risk Factors” section of its Definitive Proxy Statement/Prospectus filed with the SEC on August 12, 2026, as amended. The communication serves informational purposes only and does not constitute an offer to sell securities or a solicitation of any vote or consent.