Viking Acquisition Corp. I closed its IPO, raising $230 million by selling 23 million units, now trading on NYSE.
Quiver AI Summary
Viking Acquisition Corp. I announced the successful closing of its initial public offering, raising $230 million by offering 23 million units at $10 each, including 3 million units sold from an over-allotment option. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, which is exercisable for a full share at $11.50. The units began trading on the NYSE under the ticker "VACI.U" on October 31, 2025, with shares and warrants expected to trade separately under "VACI" and "VACI WS," respectively. Cohen & Company Capital Markets served as the lead manager, and DLA-Piper LLP (US) provided legal counsel. The press release also notes that the offering is made via a prospectus, and it contains forward-looking statements, emphasizing that actual results may vary due to multiple factors. Viking Acquisition Corp. I is a blank check company focused on mergers and acquisitions across various industries and regions.
Potential Positives
- Viking Acquisition Corp. I successfully closed its initial public offering (IPO) of 23,000,000 units, raising gross proceeds of $230 million, which enhances its financial position.
- The units began trading on the New York Stock Exchange (NYSE) under the ticker symbol “VACI.U,” increasing visibility and accessibility to investors.
- The offering included the full exercise of the underwriters’ over-allotment option, demonstrating strong demand for the offering.
- The Company has the flexibility to pursue various business combinations, as it is not limited to a specific industry or geographic region.
Potential Negatives
- The press release does not provide specific information about the anticipated use of the net proceeds from the IPO, which could lead to investor uncertainty regarding how funds will be allocated.
- The forward-looking statements include potential risks and uncertainties, which may concern investors about the viability and success of future operations.
- The company is classified as a "blank check company," which may imply a lack of established revenue-generating operations or business plan, potentially making it less appealing to risk-averse investors.
FAQ
What is Viking Acquisition Corp. I's IPO price per unit?
The IPO price per unit for Viking Acquisition Corp. I was $10.00.
How many units were sold in the IPO?
A total of 23,000,000 units were sold in the IPO, including an over-allotment of 3,000,000 units.
When did the units start trading on the NYSE?
The units began trading on the NYSE on October 31, 2025.
What do the units consist of in the IPO?
Each unit consists of one Class A ordinary share and one-third of a redeemable warrant.
Who can be contacted for more information about the offering?
For more information, contact Gil Ottensoser at [email protected] or call 917-423-7931.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Viking Acquisition Corp. I (NYSE: VACI.U) (the “Company” or “Viking”), a Cayman Islands exempted company, announced today the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, including an additional 3,000,000 units sold pursuant to the full exercise of the underwriters’ over-allotment option, for gross proceeds of $230 million. Each unit consists of one (1) Class A ordinary share and one-third (1/3) of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Only whole warrants will be exercisable.
The units began trading on the New York Stock Exchange (the “NYSE”) under the ticker symbol “VACI.U” on October 31, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on the NYSE under the symbols “VACI” and “VACI WS”, respectively.
Cohen & Company Capital Markets, a Division of Cohen & Company Securities, LLC (“Cohen”) acted as the lead book-running manager for the offering. The Company was represented by DLA-Piper LLP (US) as its legal counsel and Cohen was represented by Ellenoff Grossman & Schole LLP as its legal counsel.
A final prospectus relating to and describing the final terms of the offering has been filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: [email protected] .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Note Concerning Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus for the Company’s offering filed with the SEC, which could cause actual results to differ from the forward-looking statements. Copies are available on the SEC’s website, www.sec.gov . The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
About Viking Acquisition Corp. I
Viking Acquisition Corp. I is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region.
CONTACT
Gil Ottensoser
Chief Financial Officer
(917) 423-7931
