Hakan Wohlin, Chief Executive Officer and Director of Viking Acquisition Corp. II (NYSE:VII), filed a statement of changes in beneficial ownership on September 21, 2026, disclosing the acquisition of derivative securities tied to two convertible working capital notes entered into on August 19, 2026 and September 18, 2026.

Key Highlights

  • First Note dated August 19, 2026: Viking Acquisition Corp. II entered into a Working Capital Note with the Sponsor for $514,080, convertible into 51,408 Class A Ordinary Shares and warrants to purchase 17,136 Ordinary Shares.
  • Second Note dated September 18, 2026: An Amended and Restated Working Capital Note was entered into for $544,080, convertible into 54,408 Class A Ordinary Shares and warrants to purchase 18,136 Ordinary Shares.
  • Conversion trigger: Both notes are convertible at the Sponsor's election only upon consummation of the initial business combination.
  • Indirect ownership: All Class A Ordinary Shares and warrants are held directly by Viking Acquisition Sponsor II, LLC, and are beneficially owned by KingsRock Viking Acquisition II, LLC and other Sponsor members.
  • Reporting persons: The filing was made jointly by Hakan Wohlin and Viking Acquisition Sponsor II, LLC, both listed as 10% owners and affiliated with the issuer.

Convertible Working Capital Notes and Derivative Securities at Viking Acquisition Corp. II

According to the filing, Viking Acquisition Corp. II, a special purpose acquisition company, entered into two separate convertible working capital arrangements with its Sponsor during August and September 2026. The first arrangement, dated August 19, 2026, involves a note promising repayment of $514,080. The filing discloses that all amounts due under that note may be converted into 51,480 units, with each unit consisting of one Ordinary Share and one-third of one warrant to purchase one Ordinary Share, resulting in 51,408 Ordinary Shares and warrants to purchase 17,136 Ordinary Shares upon consummation of the business combination.

The second arrangement, an Amended and Restated Working Capital Note dated September 18, 2026, promises repayment of $544,080 and is convertible into 54,408 units on the same per-unit terms, yielding 54,408 Ordinary Shares and warrants to purchase 18,136 Ordinary Shares. The filing states that the warrants under both notes "shall have the same terms and conditions as the warrant issued in the initial public offering." The Issuer's Ordinary Shares and warrants are described under "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-267719), according to the filing.

The filing further discloses that the principal balance of each note is payable by the Issuer on the earlier of the date on which the Issuer consummates its initial business combination or the date the winding up of the Issuer is effective. Conversion is available at the Sponsor's election only upon consummation of the initial business combination. All beneficial ownership of the reported securities is held indirectly through Viking Acquisition Sponsor II, LLC, which is in turn beneficially owned by KingsRock Viking Acquisition II, LLC and other Sponsor members, as disclosed in the filing.

What Was Disclosed

The filing reports two derivative security acquisitions by Hakan Wohlin, CEO of Viking Acquisition Corp. II (NYSE:VII), tied to convertible working capital notes totaling $514,080 and $544,080, with conversion rights exercisable at the Sponsor's election upon an initial business combination. All securities are held indirectly through the Sponsor entity.