MONTREAL and MCLEAN, Va., June 25, 2026 (GLOBE NEWSWIRE) -- NorthStar Earth & Space Inc. (“NorthStar” or the “Company”), a global leader in Space Situational Awareness (“SSA”) and Space Domain Awareness (“SDA”), and Viking Acquisition Corp. I (“Viking”) (NYSE: VACI), a special purpose acquisition company, announced today the public filing of their joint registration statement on Form F-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) in connection with their proposed business combination (the “Business Combination Agreement”) announced on April 17, 2026, available here.
Stewart Bain, Founder and Chief Executive Officer of NorthStar, said, “The public filing of our registration statement represents an important milestone in the process of becoming a public company. The market demand for NorthStar’s differentiated space-based intelligence platform requires accelerating our long-term growth strategy. Increased access to capital and global awareness, inherent with a public company, will enable us to expand capabilities and deepen customer support by delivering more critical insights to stakeholders through our services.”
“This filing marks another meaningful step toward completing our proposed business combination with NorthStar,” said N. Håkan Wohlin, Chief Executive Officer of Viking. “Since announcing the transaction, we have continued to see strong interest in the growing importance of SSA and SDA and the critical role companies like NorthStar can play in supporting critical infrastructure. We look forward to continuing to partner with NorthStar as they pursue their next phase of growth.”
While the Registration Statement has not been declared effective, and the information included is subject to review and amendment by the SEC, it contains important information about the Company’s securities listing and the Business Combination Agreement.
The Business Combination Agreement values NorthStar at a pre-money equity valuation of $300 million and includes a fully committed $30 million PIPE financing anchored by Cartesian Capital Group and supported by leading Canadian and U.S. institutional investors. The proposed transaction is expected to close in Q3 2026, subject to customary closing conditions including the Registration Statement being declared effective by the SEC. Upon closing, shares of the combined company are expected to trade on the New York Stock Exchange under the ticker “NSTR”.
About NorthStar
NorthStar’s precise information services identify and anticipate the position of space objects to enhance spaceflight safety. NorthStar is the first commercial service to deliver space-based SSA and SDA capabilities on an international scale. With headquarters in Montreal, Canada, a European headquarters in Luxembourg, and a dedicated US operation in McLean, Virginia, NorthStar addresses the ever-growing threat of space collisions as a major contribution to empower humanity to preserve our planet.
About Viking
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. Viking is sponsored by KingsRock Advisors, LLC, an independent global advisory firm, with securities offered by KingsRock Securities, LLC, a FINRA member firm and SIPC. KingsRock advises on a wide range of corporate finance matters and private capital markets transactions, including debt, hybrid, equity and M&A.