Company research
Flag Ship Acquisition Corp
CIK 1850059Updated Sep 25, 2026
FSHP price & chart
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NASDAQ:FSHP on TradingView ↗About the company
Flag Ship is a blank-check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Flag Ship is sponsored by Whale Management Corporation, a British Virgin Islands business company.
In the news
Flag Ship Acquisition Corporation Regains Compliance with Nasdaq Listing Rule 5250(c)(1) ↗
Recent filings
DEF 14A filing
425 filing
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
8-K filing
4 filing
Show 5 more recent filings
3 filing
10-Q filing
Changes in Registrant's Certifying Accountant
Items 4.01, 9.01
Other Events
Items 8.01, 9.01
Entry into a Material Definitive Agreement · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders · Other Events
Items 1.01, 5.03, 5.07, 8.01, 9.01
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 33,105,112Source | 70,971,620Source | 150,548Source |
| Current assets: | |||
| Assets, CurrentUSD | 25,074Source | 172,484Source | 120,548Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 3,188,875Source | 2,437,221Source | 433,554Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 1,963Source | 1,963Source | 1,725Source |
| Additional Paid in CapitalUSD | — | — | 23,275Source |
| Retained Earnings (Accumulated Deficit)USD | -3,165,764Source | -2,266,700Source | -308,006Source |
| Stockholders' Equity Attributable to ParentUSD | -3,163,801Source | -2,264,737Source | -283,006Source |
| Liabilities and EquityUSD | 33,105,112Source | 70,971,620Source | 150,548Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 1,463,875Source | 712,221Source | 433,554Source |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 17,124Source | 34,370Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,828,909Source | 909,838Source | -62,399Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -479,096Source | -876,327Source | -66,778Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 40,207,071Source | -69,000,000Source | — |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -39,798,171Source | 69,836,864Source | 580Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 6,551Source | 76,747Source | 116,210Source |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 5,000,001Source | 5,000,001Source | — |
| General and Administrative ExpenseUSD | 659,064Source | 889,298Source | 62,399Source |
| Net Income (Loss) Attributable to ParentUSD | 1,828,909Source | 909,838Source | -62,399Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,828,909Source | 909,838Source | -62,399Source |
| Other Operating Income (Expense), NetUSD | 2,487,973Source | 1,799,136Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,828,909Source | 909,838Source |
| Net Income (Loss) Attributable to ParentUSD | 1,828,909Source | 909,838Source |
| Earnings Per Share, BasicUSD per share | 0.24Source | — |
| Earnings Per Share, DilutedUSD per share | 0.24Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,963,000Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,963,000Source | — |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 5,000,001Source | 5,000,001Source |
| General and Administrative ExpenseUSD | 659,064Source | 889,298Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,828,909Source | 909,838Source |
| Other Operating Income (Expense), NetUSD | 2,487,973Source | 1,799,136Source |
Offerings
Registration 333-292479
Registration 333-292479-01
Filing attachments
flagshipacq_ex99-1.htm · 425 · 2026-09-15
EX-99.1 4 flagshipacq_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Flag Ship Acquisition Corporation Announces Definitive Business Combination Agreement with Bluechip & Co. Holdings NEW YORK, September 15, 2026 (GLOBE NEWSWIRE) - Flag Ship Acquisition Corporation (Nasdaq: FSHP, FSHPU and FSHPR) (the “Company,” “Flag Ship” or “Parent”), a publicly traded special purpose acquisition company, announced that it has signed an Agreement and Plan of Merger (the “Merger Agreement”) with Bluechip & Co. Ho…
Read attachment ↗flagshipacq_ex99-1.htm · 8-K · 2026-09-15
EX-99.1 4 flagshipacq_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Flag Ship Acquisition Corporation Announces Definitive Business Combination Agreement with Bluechip & Co. Holdings NEW YORK, September 15, 2026 (GLOBE NEWSWIRE) - Flag Ship Acquisition Corporation (Nasdaq: FSHP, FSHPU and FSHPR) (the “Company,” “Flag Ship” or “Parent”), a publicly traded special purpose acquisition company, announced that it has signed an Agreement and Plan of Merger (the “Merger Agreement”) with Bluechip & Co. Ho…
Read attachment ↗flagshipacq_ex99-1.htm · 8-K · 2026-06-09
EX-99.1 2 flagshipacq_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Flag Ship Acquisition Corporation Regains Compliance with Nasdaq Listing Rule 5250(c)(1) NEW YORK, June 9, 2026 (GLOBE NEWSWIRE) - Flag Ship Acquisition Corporation (Nasdaq: FSHP ) (the “Company”) today announced that it has received formal notice from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1). As previously disclosed, Na…
Read attachment ↗flagshipacq_ex99-1.htm · 8-K · 2026-05-27
EX-99.1 2 flagshipacq_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Flag Ship Acquisition Corporation Receives Additional Nasdaq Notification Regarding Late Filing of Quarterly Report NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Flag Ship Acquisition Corporation (Nasdaq: FSHP) (the "Company") announced that it received a second notification letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) on May 21, 2026 (the “Notice”) indicating that the Company is not in compl…
Read attachment ↗flagshipacq_ex99-1.htm · 8-K · 2026-05-11
EX-99.1 2 flagshipacq_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Flag Ship Acquisition Corporation Enters into Letter of Intent with Bluechip & Co. Holdings NEW YORK, May 8, 2026 (GLOBE NEWSWIRE) - Flag Ship Acquisition Corporation (the “Company”) (NASDAQ: FSHP), a special purpose acquisition company, today announced that it has entered into a binding letter of intent (“LOI”) with Bluechip & Co. Holdings (“Bluechip”) in connection with a proposed business combination. The letter of intent includ…
Read attachment ↗flagshipacq_ex99-1.htm · 8-K · 2026-04-22
EX-99.1 2 flagshipacq_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Flag Ship Acquisition Corp Receives Nasdaq Notification of Non-Compliance with Listing Rules New York, NY, April 22, 2026 - Flag Ship Acquisition Corp (NASDAQ: FSHP) (the “Company”), a special purpose acquisition company, announced that on April 17, 2026, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) advising the Company that the Company does not comply with Nasdaq’s Listing R…
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