Viking Acquisition Corp I Approves Business Combination; Continuation to Canada

What Happened
Viking Acquisition Corp. I held an extraordinary general meeting on September 2, 2026 and shareholders approved the continuation of Viking as a Canada Business Corporations Act (CBCA) company (to be renamed New NorthStar) and approved the Business Combination with NorthStar Earth & Space Inc. The record date was August 3, 2026, when 31,326,667 ordinary shares were outstanding (23,660,000 Class A; 7,666,667 Class B). A quorum of 22,280,919 shares (≈71.12%) was present. Key vote totals included: Continuation and Business Combination — For: 20,358,376; Against: 1,173,543; Abstain: 749,000. Directors to serve on the New NS board were also approved (eight directors effective on closing).

Key Details

• Record date and outstanding shares: 31,326,667 total (23,660,000 Class A; 7,666,667 Class B).
• Voting quorum and turnout: 22,280,919 shares present (≈71.12%). Continuation and Business Combination passed (For: 20,358,376; Against: 1,173,543; Abstain: 749,000).
• Redemption activity: 22,171,711 Viking Class A shares submitted preliminary requests to redeem (≈93.8% of Class A); these requests are preliminary and subject to withdrawal or reversal prior to closing.
• Other votes: Advisory organizational proposals and NYSE issuance approval passed (noting the Authorized Capital advisory saw higher opposition: For 18,124,970; Against 3,406,949). Incentive plan approved (For 19,175,005; Against 2,356,914).
• Regulatory and closing conditions: The Form F-4 registration was declared effective Aug 31, 2026; closing remains subject to customary closing conditions including NYSE listing approval and completion of any PIPE financing.

Why It Matters
Shareholder approval clears key governance and deal votes needed to move forward with the SPAC merger and legal continuation to Canada. However, the very large preliminary redemption requests (over 22.1M Class A shares) could materially reduce the cash that remains from the trust and affect the post-close cash position and public float. The transaction still requires NYSE listing approval and satisfaction or waiver of other closing conditions, so the closing and final redemption outcomes are not guaranteed. Investors should watch Viking’s post-closing redemption disclosure and review the Registration Statement/Form F-4 and Definitive Proxy Statement/Prospectus for full details and risks.