Viking Acquisition Corp II signs $514,080 working capital note with sponsor Viking Acquisition Sponsor II - VACI News | RalliesViking Acquisition Corp II signs $514,080 working capital note with sponsor Viking Acquisition Sponsor II
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VACI• Working capital note issued to sponsor
- Viking Acquisition Corp. II issued a convertible unsecured promissory note for $514,080 to Viking Acquisition Sponsor II on Aug. 19, 2026.
- Proceeds are earmarked for additional working capital; the note carries 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 $10 per unit into up to 51,408 private placement-style units at business-combination closing.
- Each unit includes one Class A share plus one-third of a redeemable warrant with an $11.5 exercise price.
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