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VACI

Proxy cardLife support

Viking Acquisition Corp. I

Merging with NorthStar Earth & Space, Inc.

Deal announced 2026-04-17

Pulse

93

↓Life-support risk

0–100 vitality — and a read on how the book feels about this shell.

Life support

% done

62%

Path to close

Price

$10.24

Mkt 320.79M

What is Pulse?

SPAC Pulse measures the current vitality of a deal on a 0–100 scale. A new IPO starts near 50 — a healthy heart with room both ways. It is not weakening just because nothing has printed yet. Weakening is a tag for a slowing beat (stalling cadence), not a quiet shell. 10-Q / 10-K on time is a good beat; an NT is a deficiency. File the report late, then file the NT late, and Pulse falls — that is how public investors read whether management is on top of the shell. Filing recovers some of it. It never pretends the miss did not happen. When other new IPOs file that window on time, they are no longer equal — those shells are healthier. High readings mean the deal book is accelerating; low readings flag life-support risk. Full methodology lives on the desk.

Rate + Lead II · 25 mm/s

Pulse Timeline

Top trace is the Pulse rate. Bottom is the filing lead — R-wave when the rate lifts, QS when it slows. Height is the change.

0255075100II
  1. 07-31 F-4/A
  2. 08-03 F-4/A
  3. 08-10 F-4/A
  4. 08-12 10-Q
  5. 10-07 Listing deficiency
  6. 10-07 Now
Auto interpretation · Lead II printoutLife supportPulse 93

QRS is weak or missing. Cadence stalled, cash is thin, or the book went quiet.

Silent 58dBeats/90d 4Recent gap 8d

Marks on this strip

  • 07-16F-4/A. Comments coming back. Beat sped up. +3
  • 07-16Proxy card. Card is in. Late-stage tell. +12
  • 07-31F-4/A. Comments coming back. Beat sped up. +1
  • 08-03F-4/A. Comments coming back. Beat sped up. +2
  • 08-10F-4/A. Comments coming back. Beat sped up. +1
  • 08-1210-Q. Periodic report on time. unchanged
  • 10-07Listing deficiency. Exchange notice that day. It belongs on this date, not today. Pulse does not double-haircut an already-slow book.
  • 10-07Now. No new filing. Rate holds from the last mark.

Impression: QRS is weak or missing. Cadence stalled, cash is thin, or the book went quiet.

  • · Amendment gaps are shrinking — the beat is speeding up.
  • · No S-4/F-4 beat in 58 days.

Unconfirmed machine read · not medical advice · not financial advice

Skin in the game

medium

Target

early

Historical context

Proxy card / DEFM14A in the archive

Precedent from 26 names in the Pulse archive (closed, liquidated, and broken deals). Archive base rate is one input; live beat speed then moves Pulse. Not a forecast.

Close rate
100%
Median days left
34
Archive n
26

After a proxy card / DEFM14A, similar deals closed in a median of 34 days (IQR 28–38). Literature close rate at that stage is about 96%.

Status

In Review

Exchange

NYSE

Rights

No

Warrants

Listed

CIK

0002080023

IPO date

2025-10-31

Market cap

320.79M

Days to deadline

—

SEC tickers

VACI, VACI-UN, VACI-WT

Sponsor

—

S-4 / F-4 filer

Holdco · NorthStar Earth & Space, Inc.

Fiscal year

December 31 (not confirmed)

Next filing

10-Q 2026-11-14

Vote

—

Schedule

What is due next

Fiscal year
Ends December 31 · not confirmed
This window
10-Q due 2026-08-14 · filed
Next due
10-Q 2026-11-14Period 2026-09-30
Pulse
+6

10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-12 on time (+6).

On time with this window. Pulse stays even with the other new listings that filed.

Meetings

Proxy is in the exhibits. Meeting date is not printed yet.

Price history

Delayed exchange prints — common, rights, units, warrants when listed. Last price is in the header. This tape does not move Pulse.

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S-4 study: rights conversion did not change across amendments for this name. See amendment impact

S-4 amendment timeline

Shrinking gaps mean the deal is progressing. The tag says whether that filing cleared a checklist, dropped a hurdle, or repriced the deal.

  • Merging company

    On file

    NorthStar Earth & Space, Inc.

  • Close timing Q&A

    Gap

    S-4 has a close Q we have not captured.

  • Meeting Q&A

    Gap

    No meeting Q captured.

  • Proxy card

    On file

    Form of proxy is in the exhibits. Late-stage tell.

  • 10-Q / 10-K

    On file

    10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-12 on time (+6).

Proxy card is in the exhibits (first seen 2026-07-16). That is a late-stage tell.

  1. 4252026-08-27

    FORM 425

  2. 10-Q2026-08-12

    10-Q

  3. F-4/A2026-08-10Checklist

    F-4/A — NorthStar Earth & Space, Inc.

  4. F-4/A2026-08-03Checklist

    F-4/A — NorthStar Earth & Space, Inc.

  5. F-4/A2026-07-31Checklist

    F-4/A — NorthStar Earth & Space, Inc.

Show 18 more filings
  1. F-4/A2026-07-16Checklist

    F-4/A — NorthStar Earth & Space, Inc.

  2. 4252026-07-06

    FORM 425

  3. F-42026-06-25Initial filing

    F-4 — NorthStar Earth & Space, Inc.

  4. 4252026-06-25

    FORM 425

  5. 4252026-06-25

    FORM 425

  6. 4252026-06-17

    FORM 425

  7. 8-K2026-05-15

    Item 1.01 Entry Into A Material Definitive Agreement

  8. 10-Q2026-05-15

    10-Q

  9. 4252026-05-15

    CURRENT REPORT

  10. 4252026-05-04

    FORM 425

  11. 8-K2026-04-17

    Item 1.01 Entry Into A Material Definitive Agreement

  12. 4252026-04-17

    FORM 425

  13. 4252026-04-17

    CURRENT REPORT

  14. 10-K2026-03-18

    10-K

  15. 10-Q2025-12-15

    10-Q

  16. 8-K2025-11-14

    CURRENT REPORT

  17. 8-K2025-11-10

    CURRENT REPORT

  18. 8-K2025-11-05

    CURRENT REPORT

Your notes

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Journal

On VACI

All notes

Journal

Latest journal

All notes
  1. BCCQ 425 files on proposed Ursa Major combinationBCCQ · 2026-08-31
  2. HVII 425: ONE Nuclear executes binding LOI for 2.88 GW Project CaymanHVII · 2026-08-31
  3. BREZ Audit Committee concludes May 14, 2026 balance sheet cannot be relied upon; restatement requiredBREZ · 2026-08-31
  4. OCAC dismisses YCM CPA INC., appoints HYYH CPA. LLCOCAC · 2026-08-31
  5. SAMO Units separate; Class A shares and warrants begin individual trading on NYSESAMO · 2026-08-31