Viking Acquisition Corp. I Announces Closing of $230 Million Initial Public Offering

Core Points - Viking Acquisition Corp. I has successfully closed its initial public offering (IPO) of 23,000,000 units at a price of $10.00 per unit, raising gross proceeds of $230 million, which includes an additional 3,000,000 units sold due to the underwriters' over-allotment option [1] - Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share [1] - The units began trading on the New York Stock Exchange under the ticker symbol "VACI.U" on October 31, 2025, with separate trading expected for Class A ordinary shares and warrants under the symbols "VACI" and "VACI WS" respectively [2] Company Information - Viking Acquisition Corp. I is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, without limitations on industry or geographic region [7] - Cohen & Company Capital Markets acted as the lead book-running manager for the offering, with legal representation provided by DLA-Piper LLP (US) for the company and Ellenoff Grossman & Schole LLP for Cohen [3]