VACI
Industry:
Capital Markets

DESCRIPTION

KingsRock Viking Acquisition is a SPAC — a blank check company with no operations, no revenue, and no identified acquisition target. Its sole purpose is to find and merge with a private company, taking that company public. KingsRock Viking completed its IPO in November 2025, raising $230M by selling 23M units at $10.00 each. Those proceeds sit in a trust account earning interest while management searches for a target. KingsRock Viking has 24 months from IPO closing to complete a deal, or it must return the trust funds to shareholders. The SPAC is sponsored by principals affiliated with KingsRock, a global financial advisory firm founded in 2020, led by managing partners N. Håkan Wohlin and Louis Jaffe. The sponsor received 7.67M founder shares for a nominal $25,000 investment — shares that convert to Class A shares upon deal closing, creating a strong incentive to complete a transaction. Public shareholders can redeem at approximately $10.00 per share plus interest if they choose not to participate in a deal. KingsRock Viking targets high-growth, profitable, low-leverage businesses and intends to source deals through KingsRock's network of 150+ global members and advisors rather than broadly marketed auction processes. The SPAC has no restrictions on industry, geography, or business type, and expects to raise additional equity or debt financing alongside any deal, as it targets businesses with enterprise values larger than the $230M held in trust.

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