Viking Acquisition Corp. II is launching a $200,000,000 initial public offering of 20,000,000 units at $10.00 each. Each unit includes one Class A ordinary share and one-third of a warrant to buy a share at $11.50.
The SPAC will place $200.0 million (or $230.0 million if the over-allotment is exercised) into a U.S. trust account and has 24 months after closing to complete a business combination, with public shareholders offered cash redemption rights tied to funds in the trust. The sponsor bought 7,666,667 Class B founder shares for $25,000 and will purchase 350,000 private placement units; these, together with anti-dilution rights and potential working capital loan conversions, may significantly dilute public shareholders and create conflicts of interest around deal selection.
Viking Acquisition Corp. II, a Cayman Islands blank check company, is launching an initial public offering of 20,000,000 units at $10.00 each, targeting gross proceeds of $200,000,000. Each unit includes one Class A ordinary share and one-third of a warrant exercisable at $11.50 per share.
The SPAC will place $200.0 million (or $230.0 million with the over-allotment) into a U.S. trust account and has 24 months from closing to complete a business combination, with public shareholders offered cash redemptions from the trust in connection with a deal or liquidation.
The sponsor will buy 350,000 private placement units for $3.5 million and currently owns 7,666,667 Class B founder shares, which convert into Class A shares with anti‑dilution protection set to maintain a 25% stake, creating meaningful potential dilution and economic incentives that may differ from those of public shareholders.