NorthStar Earth & Space Begins Trading on NYSE American After SPAC Merger
At a glance
- NorthStar Earth & Space merged with Viking Acquisition Corp. I on October 1, 2026.
- Shares and warrants began trading on NYSE American on October 2, 2026.
- The transaction valued NorthStar at $300 million with $30 million PIPE financing.
NorthStar Earth & Space Inc. completed a business combination with Viking Acquisition Corp. I, a special purpose acquisition company, on October 1, 2026. The combined company’s securities began trading publicly the following day.
On October 2, 2026, the newly formed company started trading its common shares and public warrants on the NYSE American exchange. The securities are listed under the symbols “NSTR” for common shares and “NSTR.WS” for public warrants.
The business combination valued NorthStar at an equity value of $300 million. As part of the transaction, $30 million in private investment in public equity (PIPE) financing was anchored by Cartesian Capital Group.
NorthStar and Viking Acquisition Corp. I had previously entered into a definitive Business Combination Agreement on April 16, 2026. This agreement set the terms for the merger and outlined the process leading up to the public listing.
What the numbers show
- NorthStar’s equity value in the deal was $300 million.
- PIPE financing totaled $30 million.
- Definitive agreement signed on April 16, 2026.
- Trading on NYSE American began October 2, 2026.
- Registration statement filed June 25, 2026.
In preparation for the merger, NorthStar and Viking filed a joint registration statement on Form F-4 with the U.S. Securities and Exchange Commission on June 25, 2026. This filing was a required step for the proposed business combination to move forward.
The merger was completed after the necessary regulatory and shareholder approvals were obtained. The process included several procedural steps, such as the agreement signing and SEC filing, before the final closing and commencement of trading.
The PIPE financing, anchored by Cartesian Capital Group, was included as part of the overall transaction. This investment provided additional capital for the combined company as it entered the public markets.
The listing of NorthStar’s common shares and public warrants on NYSE American marked the company’s transition to a publicly traded entity. The process followed standard procedures for SPAC mergers and public listings in the United States.
* This article is based on publicly available information at the time of writing.