Viking Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering

Rhea-AI Summary

Viking Acquisition Corp. I (NYSE: VACI.U) priced an initial public offering of 20,000,000 units at $10.00 per unit, representing aggregate gross proceeds of $200,000,000. Each unit contains one Class A ordinary share and one‑third of one redeemable warrant; whole warrants exercisable to buy one Class A share at $11.50 per share, subject to adjustment.

The units are expected to begin trading on the New York Stock Exchange under the ticker VACI.U on October 31, 2025; when separated, shares and warrants are expected to trade as VACI and VACI WS. Cohen & Company Capital Markets is sole book‑running manager. The underwriters have a 45‑day option to purchase up to 3,000,000 additional units. The offering is expected to close on November 3, 2025, subject to customary conditions and S‑1 effectiveness.

Positive

• $200,000,000 gross proceeds from 20,000,000 units
• Expected NYSE listing start on October 31, 2025
• Underwriters granted 45‑day overallotment option to support distribution

Negative

• Underwriter overallotment up to 3,000,000 units (15%) increases share/unit supply
• Outstanding warrants exercisable at $11.50 may create future share issuance

Insights

Capital Markets Analyst

SPAC unit offering priced at $10.00, targeting $200,000,000; closing expected Nov 3, 2025.

Viking Acquisition Corp. priced an initial public offering of 20,000,000 units at $10.00 per unit, implying gross proceeds of $200,000,000 before any exercise of the underwriter option. Each unit contains one Class A ordinary share and one‑third of a redeemable warrant, with each whole warrant exercisable at $11.50. The structure follows a standard SPAC unit format and lists units, shares, and warrants separately on the NYSE under VACI.U, VACI, and VACI WS once separable.

The near‑term funding depends on the offering closing, expected on Nov 3, 2025, and on potential over‑allotment exercise of up to 3,000,000 units within the 45‑day option window. Key execution risks include customary closing conditions and market reception to the units and subsequent separate securities. The warrant strike at $11.50 and the one‑third warrant per unit create potential future dilution if exercised; only whole warrants are exercisable, which affects the timing and scale of any exercise.

Watch the closing on Nov 3, 2025, any exercise of the 45‑day over‑allotment, and post‑separation trading under the listed symbols for liquidity signals. These items will reveal the effective capital raised and immediate dilution mechanics over the next 45 days.

NEW YORK, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Viking Acquisition Corp. I (NYSE: VACI.U) (the "Company"), a Cayman Islands exempted company, announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units are expected to be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "VACI.U" beginning on October 31, 2025. 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. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols "VACI" and "VACI WS", respectively.

Cohen & Company Capital Markets, a Division of Cohen & Company Securities, LLC, is acting as sole book-running manager in the offering. The underwriters have been granted a 45-day option to purchase up to an additional 3,000,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on November 3, 2025, subject to customary closing conditions.

A registration statement on Form S-1 (File No. 333-289590) relating to these securities was filed with the Securities and Exchange Commission (the "SEC") and became effective pursuant to Section 8(a) of the Securities Act of 1933, as amended. 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: capitalmarkets@cohencm.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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.

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. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. 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 preliminary prospectus for the Company’s offering filed with the SEC. 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.

Contact:

Gil Ottensoser

Chief Financial Officer

gil.ottensoser@kingsrock.com

(917) 423-7931

FAQ

What did Viking Acquisition Corp. I (VACI) price its IPO at and what are the proceeds?

Viking priced 20,000,000 units at $10.00 per unit for $200,000,000 in gross proceeds.

When will VACI units begin trading on the NYSE and under what ticker?

Units are expected to begin trading on the NYSE as VACI.U on October 31, 2025.

What is included in each VACI unit and the warrant exercise price?

Each unit includes one Class A share and one‑third of a warrant; whole warrants are exercisable at $11.50 per share.

Who is the book‑running manager for VACI's IPO and when is closing expected?

Cohen & Company Capital Markets is sole book‑running manager; the offering is expected to close on November 3, 2025.

How large is the underwriter overallotment for VACI's offering?

Underwriters have a 45‑day option to buy up to 3,000,000 additional units to cover over‑allotments.