NEW YORK – April 17, 2026 – Global law firm Greenberg Traurig, LLP is advising NorthStar Earth & Space Inc. (NorthStar), a global leader in Space Situational Awareness (SSA) and Space Domain Awareness (SDA), in connection with its execution of a definitive business combination agreement with Viking Acquisition Corp. I (NYSE: VACI) (Viking), a special purpose acquisition company. Upon closing of the transaction, shares of the combined company are expected to trade on the New York Stock Exchange under the ticker “NSTR.”
NorthStar’s planned constellation demonstrates industry-defining capabilities in delivering advanced, scalable SSA and geospatial intelligence services to commercial customers and governments. Through its network of bespoke sensors designed to monitor orbital activity and provide threat detection, NorthStar is uniquely equipped to service the rapidly growing space economy and provide the necessary support systems to ensure satellite safety, support defense and security operations, and enable orbital sustainability.
The transaction includes a fully committed $30 million common stock private investment in public equity (PIPE) anchored by Cartesian Capital Group, with participation from leading Canadian and U.S. institutional investors, which may be satisfied through a direct subscription or the purchase and nonredemption of Viking’s existing public shares. The transaction is expected to provide the business with minimum gross proceeds of $30 million, before giving effect to any additional funds remaining in the trust account.
Under the terms of the business combination agreement, the transaction values NorthStar at a pre-money valuation of $300 million. The expected proceeds from the transaction will be used to fund payload capital expenditures such as sensors to include on satellites, spacecraft integration and deployment, and nonrecurring engineering expenses.
The multioffice Greenberg Traurig team was led by Alan I. Annex, vice chair of the firm and senior chair of the firm’s global Corporate Practice in Miami, Corporate Shareholders Adam S. Namoury in New York and Thomas R. Martin in Miami, and Associate Ricardo Crispim Leite in New York.
Other shareholders included Anthony Zangrillo in the Corporate Practice in New York, Sylvia E. Simson in the Litigation Practice in New York, Lennie A. Bersh in the Intellectual Property & Technology Practice in New Jersey, Michael E. Mirdamadi in the Litigation Practice in New York, James Maynor in the Tax Practice in Amsterdam, Mindy B. Leathe in the Tax Practice in Miami, and August Huelle in the Tax Practice in New York. Additional team members included Of Counsel Kristopher Reichlen in the Intellectual Property & Technology Practice in Boston, as well as Corporate Associate Eunice J. Park in New York and JD/Law Clerk Elizabeth Ferrie in Miami, and Patent Agent Mark Ruberto, Ph.D., in the Intellectual Property & Technology Practice in Tel Aviv.