Viking Acquisition Corp. I expects to complete its previously announced business combination with NorthStar Earth & Space on September 30, 2026, subject to the satisfaction of customary closing conditions.
Following completion of the transaction, the combined company is expected to operate as NorthStar Earth & Space Enterprises, with its common shares and public warrants scheduled to begin trading on NYSE American on October 1, 2026 under the symbols NSTR and NSTR.WS, respectively.
The transaction would take Montreal-based NorthStar public through its combination with Viking, a special purpose acquisition company sponsored by KingsRock Advisors.
As part of the closing process, Viking plans to transfer its listing from the New York Stock Exchange to NYSE American.
NorthStar specializes in Space Situational Awareness, or SSA, and Space Domain Awareness, or SDA, providing information intended to identify and anticipate the positions of objects in orbit.
The company’s services help satellite operators and other customers understand the orbital environment and reduce risks associated with collisions and congestion in space.
NorthStar describes itself as the first commercial service delivering space-based SSA and SDA capabilities on an international scale.
The company is headquartered in Montreal, maintains its European headquarters in Luxembourg, and operates a dedicated U.S. business in New York.
Its technology is focused on the increasingly important challenge of tracking satellites, debris, and other objects as the number of spacecraft operating in low Earth orbit and other orbital regions continues to increase.
NorthStar’s business model centers on generating and analyzing information about those objects to improve spaceflight safety and provide customers with greater visibility into activity across the orbital environment.
The closing represents the final stage of a previously announced business combination between Viking and NorthStar.
Viking was created as a blank-check company to complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with another business.
Its sponsor, KingsRock Advisors, provides advisory services across corporate finance and private capital markets, including debt, hybrid securities, equity, and mergers and acquisitions.
The announcement did not disclose updated transaction valuation figures, financing proceeds, or ownership percentages for the combined company.
The closing remains contingent on customary conditions, meaning the September 30 completion date and October 1 trading date are expected rather than final until those conditions have been satisfied.
The companies also identified several risks that could affect the transaction or the combined business.
These include the possibility of delays or failures in obtaining required approvals, an inability to complete related private placement financing, difficulties attracting personnel, and broader changes in financial, regulatory, political, and market conditions.
NorthStar is also an early-stage company with a history of financial losses and expects to continue incurring significant operating expenses and losses, according to the transaction disclosure.
Additional business risks include the complexity of developing advanced analytics services, managing the costs associated with technology commercialization, accurately forecasting future demand, and retaining customers.
The company also depends heavily on its intellectual property portfolio.
Following the expected closing, NorthStar will gain a publicly traded vehicle as it works to expand its space-based monitoring and analytics services.
The planned NSTR listing will also provide public-market investors with exposure to a company operating within the growing commercial space infrastructure and space situational awareness sector.
If the transaction closes as scheduled on September 30, NorthStar Earth & Space Enterprises is expected to begin trading on NYSE American the following day, October 1, 2026.
