Viking Acquisition Corp. II has priced an initial public offering of 20,000,000 units at $10.00 per unit, raising $200 million, the company announced for the July 1, 2026 offering. The units are expected to commence trading on the New York Stock Exchange under the ticker symbol "VII U" on July 2, 2026.
Each offered unit comprises one Class A ordinary share and one-third of one redeemable warrant. The warrants are structured such that each whole warrant will be exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to customary adjustments specified in the offering documents. The securities are to be separated for trading at a later date, at which point the Class A ordinary shares and the warrants are expected to trade under the symbols "VII" and "VII WS," respectively.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as the sole book-running manager for the offering. The underwriting group has been granted a 45-day option to buy up to an additional 3,000,000 units to cover over-allotments. The offering is scheduled to close on July 6, 2026, subject to customary closing conditions and the completion of required settlement procedures.
The Securities and Exchange Commission declared the company’s registration statement on Form S-1 effective on June 30, 2026, clearing the way for the pricing and planned trading dates noted above. Viking Acquisition Corp. II is organized as a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, or other similar business combination. The company has not placed any restrictions on the industries or geographic regions it may consider while searching for a target.
Operational context - As a blank check vehicle, Viking Acquisition Corp. II’s proceeds will be held in trust until a qualifying business combination is identified and approved. The company’s lack of industry or geographic constraints gives it flexibility in pursuing a range of transaction types and counterparties, while the structure of the units - combining shares and fractional warrants - follows a common model that separates into distinct equity and derivative securities once trading begins.
Timeline - The SEC effectiveness date, July 30, 2026, preceded the pricing, and trading initiation is planned for July 2, 2026, with the offering expected to close on July 6, 2026 if customary conditions are met. The underwriters retain an over-allotment option exercisable within 45 days to purchase up to 3,000,000 additional units.
Given the terms disclosed, investors will receive a combination of immediate equity exposure and partial warrant coverage, with full warrants exercisable at $11.50 per share after aggregation of fractional warrants, subject to adjustment provisions set out in the offering documents.