Viking Acquisition Corp. II (VII) reported that its chief executive officer and 10% owner, Hakan Wohlin, together with Viking Acquisition Sponsor II, LLC, indirectly acquired interests in convertible working capital notes. On August 19, 2026, the issuer entered into a Working Capital Note for $514,080, convertible into 51,480 units, resulting upon a business combination in 51,408 Class A ordinary shares and warrants to purchase 17,136 Class A ordinary shares. On September 18, 2026, the issuer entered into an Amended and Restated Working Capital Note for $544,080, convertible into 54,408 units, resulting upon a business combination in 54,408 Class A ordinary shares and warrants to purchase 18,136 Class A ordinary shares. The notes are held indirectly through the sponsor entity, are payable on the earlier of the initial business combination or winding up, and are convertible at the sponsor's election at the time of the initial business combination; no Rule 10b5-1 trading plan is reported.
Viking Acquisition Corp. II (VII) entered into an amended and restated working capital note with its sponsor on September 18, 2026. The new convertible unsecured promissory note has an aggregate principal amount of $544,080, replacing a prior $514,080 note after an additional $30,000 advance for working capital.
The note bears no interest and is payable on the earlier of the company’s initial business combination or its winding up. Upon completion of the initial business combination, the sponsor may elect to convert some or all of the principal into units at $10.00 per unit, up to a maximum of 54,408 New Units$11.50 per share, beginning 30 days after the initial business combination. The company relied on Section 4(a)(2) of the Securities Act of 1933 for this private issuance.
Viking Acquisition Corp. II (VII) entered into a new working capital financing arrangement with its sponsor. The company issued a convertible unsecured promissory note for $514,080 to Viking Acquisition Sponsor II, LLC on August 19, 2026 to provide additional working capital.
The note bears no interest and is repayable on the earlier of completing an initial business combination or the company’s winding up. Upon completion of an initial business combination, the sponsor may elect to convert the principal into up to 51,408 “New Units” at $10.00 per unit, each unit identical to the private placement units from the IPO.
Each New Unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant will allow purchase of one Class A ordinary share at an exercise price of $11.50 per share, becoming exercisable after the later of 30 days post-business combination or 12 months from the IPO. The note was issued as a private offering in reliance on Section 4(a)(2) of the Securities Act of 1933.
Viking Acquisition Corp., a Cayman Islands SPAC, reported its first results since incorporation on February 24, 2026. For the three months ended June 30, 2026, it recorded a net loss of $928,080, driven mainly by $860,035 of share-based compensation and formation and administrative costs.
As of June 30, 2026, the company had total assets of $338,156, almost entirely deferred offering costs, and no cash, resulting in a shareholders’ deficit of $47,587 and a working capital deficit of $384,743. Subsequent to quarter-end, on July 6, 2026, it completed its IPO of 23,000,000 units at $10.00 each and a private placement of 610,000 units at $10.00, and placed $230,000,000 into a U.S. Treasury-backed trust account to fund a future acquisition.
Management states that despite the IPO, there is substantial doubt about the company’s ability to continue as a going concern because it has limited liquidity for working capital and may be required to liquidate if it does not complete an initial business combination within 24 months of the IPO closing.
Viking Acquisition Corp. II, a blank check company, stated that holders of its public units may begin separately trading the underlying Class A ordinary shares and redeemable warrants on July 20, 2026.
Each unit consists of one Class A ordinary share and one third of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at $11.50 per share. Units that are not separated will continue trading on the NYSE under "VII U," while separated shares and warrants will trade under "VII" and "VII WS," respectively.
Viking Acquisition Corp. II completed its SPAC IPO and related private placement, establishing its initial capital structure and trust account. The company sold 23,000,000 units at $10.00 per unit on July 6, 2026, for gross proceeds of $230,000,000. Each unit includes one Class A ordinary share and one-third of one redeemable warrant exercisable at $11.50 per share. A concurrent private placement added 610,000 units for $6,100,000. An audited balance sheet shows $230,000,000 placed in a U.S. trust account and total assets of $231,108,017 as of July 6, 2026, supporting the company’s plan to pursue an initial business combination within 24 months.
Viking Acquisition Corp. II filed an initial Form 3 for director Bouhara Yassine. The filing lists no purchases, sales, acquisitions, dispositions, or derivative exercises, and shows no reportable holdings or transactions at this time.
Viking Acquisition Corp. II director Seth H. Waugh has filed an initial Form 3, which is the SEC’s statement of beneficial ownership for insiders. This filing identifies him as a director but, in the data provided, shows no reported transactions in the company’s securities.
Viking Acquisition Corp. II director Brettschneider Fred filed a Form 3 insider report that shows no share transactions. The transaction summary lists zero buys, sells, exercises, gifts, tax withholdings, restructurings, or derivative transactions, indicating only an initial disclosure of status as a reporting person.
Ackermann Josef, a director of Viking Acquisition Corp. II, filed a Form 3 as a reporting person for the company. The available data shows no transactions and no share holdings reported in this initial ownership filing.