Viking Acquisition I, a blank check company led by executives from advisory firm KingsRock, raised $200 million by offering 20 million units at $10.00. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
Viking Acquisition I is led by CEO and Director Håkan Wohlin and Chairman Louis Jaffe, the co-founders and Managing Partners of KingsRock, a financial services advisory firm that specializes in structurally complex situations. While it has not selected a target industry or geography, the SPAC plans to focus on companies with capable management teams that are sourced through its proprietary channels, among other characteristics.
Viking Acquisition I plans to list on the NYSE under the symbol VACI.U. Cohen & Company Securities acted as sole bookrunner on the deal.
