Viking Acquisition Corp. II amends sponsor working capital note to $544,080 - VACI News | RalliesViking Acquisition Corp. II amends sponsor working capital note to $544,080
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VACI• Sponsor note increased after additional working capital advance
- Viking Acquisition Corp. II amended and restated a convertible unsecured promissory note with sponsor Viking Acquisition Sponsor II on Sept. 18, 2026.
- Aggregate principal increased to $544,080 from $514,080 following an additional $30,000 working capital advance.
- The note bears no interest; repayment is due at the earlier of an initial business combination or the company’s winding up.
- The sponsor can convert principal at closing into private placement-style units at $10 per unit, up to 54,408 units.
- Each unit includes one Class A share plus one-third of a redeemable warrant exercisable at $11.50 per share.
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