Viking Acquisition Corp. II Issues Amended Working Capital Note to Sponsor

What Happened

• Viking Acquisition Corp. II filed an 8-K (dated Sept. 21, 2026) disclosing that its sponsor, Viking Acquisition Sponsor II, LLC, advanced an additional $30,000 on Sept. 18, 2026 and the company issued an Amended and Restated Convertible Unsecured Promissory Note (the “Note”) to the sponsor for a total principal of $544,080.
• The Note amends and replaces a prior working capital note issued Aug. 19, 2026 (original principal $514,080). The Note does not accrue interest and is payable on the earlier of the closing of the company’s initial business combination or the company’s winding up.

Key Details

• Aggregate principal after amendment: $544,080 (prior note was $514,080; $30,000 additional advance on Sept. 18, 2026).
• Interest: principal does not accrue interest.
• Repayment/Conversion: payable at earlier of consummation of the initial business combination or effective winding up; sponsor may elect to convert all or part of the principal at closing into units at $10.00 per unit (new units identical to the private placement units), rounded down to the nearest whole unit.
• Filing: Amended and Restated Working Capital Note is filed as Exhibit 10.1 to the Form 8-K.

Why It Matters

• This transaction provides short-term working capital to the SPAC ahead of completing an initial business combination.
• The conversion feature creates potential dilution for public investors if the sponsor elects to convert the note into units at $10.00 per unit upon the SPAC’s combination.
• Because the note is with the sponsor (a related party), investors should note the company relied on sponsor funding rather than third‑party financing; the terms and potential conversion are material for capitalization and post‑combination ownership.