NorthStar Earth & Space to Go Public via $30M PIPE

NorthStar Earth & Space Inc. plans to become publicly traded through a merger with Viking Acquisition Corp. I (NYSE: VACI). The transaction is expected to result in shares trading on the New York Stock Exchange under the ticker NSTR.

The deal includes a fully committed $30 million common stock PIPE anchored by Cartesian Capital Group, with participation from institutional investors in Canada and the U.S. Management says the minimum gross proceeds will be at least $30 million before giving effect to additional funds in the trust account.

NorthStar says the new capital will help accelerate deployment of its space-based sensor network and scale its data and analytics platform for space situational awareness and space domain awareness customers.