Welcome to our dedicated page for Flag Ship Acquisition SEC filings (Ticker: FSHP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Flag Ship Acquisition Corp. filings document a Cayman Islands special purpose acquisition company and the securities registered for trading on Nasdaq, including units consisting of one ordinary share and one right, ordinary shares under FSHP and rights under FSHPR. Form 8-K reports cover material agreements, agreement terminations, direct financial obligations, deadline-extension events, capital-structure matters and continued-listing notices.
Proxy and periodic-report related filings describe shareholder voting mechanics, board election proposals, auditor ratification, adjournment authority, emerging growth company status and reporting compliance matters, including a Form 12b-25 notification for a delayed Form 10-K. The filings emphasize SPAC governance, security structure and material-event disclosure rather than operating-company revenue categories.
Flag Ship Acquisition Corporation ownership filing: reporting persons CVI Investments, Inc. and Heights Capital Management, Inc. report beneficial ownership of 306,569 shares of Ordinary Shares, representing 6.1% of the class. Shares outstanding were 5,025,517 as of October 30, 2025. The filing states Heights Capital Management, Inc. is the investment manager to CVI Investments, Inc. and may exercise shared voting and dispositive power over the reported shares; both reporting persons disclaim beneficial ownership except for their pecuniary interest. The filing notes the reporting obligation arose under Rule 13d-1(d) following a reduction in outstanding shares after redemptions by other holders.
Flag Ship Acquisition Corporation is asking shareholders to approve an extension of the deadline to complete its initial business combination from June 20, 2026 to June 20, 2027, via up to twelve one-month extensions. The sponsor would fund each extension by depositing the lesser of $60,000 or $0.033 per remaining public share into the trust account.
Public shareholders may redeem their shares in connection with the vote for an expected ~$11.01 per share, based on about $33.7 million in the trust account as of May 13, 2026, regardless of how they vote. If the extension is not approved and no business combination closes by June 20, 2026, the company will liquidate and redeem all public shares, while rights expire worthless.
The board notes a non-binding letter of intent signed on May 8, 2026 with Bluechip & Co. Holdings, but stresses there is no definitive agreement yet. An adjournment proposal would allow extra time to solicit votes if support for the extension initially falls short.
Flag Ship Acquisition Corp notified the SEC on Form 12b-25 that it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company says it needs additional time to complete final review of financial statements and disclosures and notes it has not filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The filing states the company is unable to confirm it can file the Form 10-Q within five (5) calendar days of the prescribed due date.
Flag Ship Acquisition Corporation (FSHP) is asking shareholders to approve an amendment to extend the deadline to complete an initial business combination from June 20, 2026 to June 20, 2027, permitting up to twelve one-month extensions. Each extension requires the Sponsor to deposit the lesser of $60,000 or $0.033 per remaining public share into the Company’s trust account. Public shareholders may elect to redeem their Public Shares for a pro rata portion of the Trust Account in connection with the vote. On the record date there were 5,025,517 ordinary shares outstanding, including 3,026,517 Public Shares; the Sponsor and insiders beneficially own 1,963,000 shares (~39.78%) and intend to vote in favor. The Board recommends approval to avoid automatic liquidation if no business combination closes by the deadline.
Flag Ship Acquisition Corporation entered into a Letter of Intent with Bluechip & Co. Holdings on May 8, 2026 to pursue a proposed business combination. The Letter of Intent provides for a ninety (90) day exclusive negotiation period, subject to possible extension and customary conditions.
The parties will conduct due diligence and negotiate definitive agreements; the transaction remains contingent on completion of due diligence, execution of definitive documents, satisfaction of customary closing conditions, and board and shareholder approvals.
Flag Ship Acquisition Corporation, a SPAC listed on Nasdaq, has entered into a binding letter of intent with Bluechip & Co. Holdings for a potential business combination.
The parties agreed to a ninety-day mutual exclusivity period to conduct due diligence and negotiate a definitive agreement. The potential transaction contemplates acquiring 100% of Bluechip’s equity through a share exchange, merger, consolidation or similar structure. Based on preliminary discussions, Bluechip’s implied equity valuation is expected to range between $300 million and $400 million, but the deal remains subject to due diligence, final documentation, approvals and other customary closing conditions, with no assurance it will be completed.
FLAG SHIP ACQUISITION CORPORATION ownership disclosure: W. R. Berkley Corporation reports beneficial ownership of 434,420 ordinary shares of FLAG SHIP ACQUISITION CORPORATION, representing 8.6% of the class. The filing lists shared voting and dispositive power over the 434,420 shares.
The Schedule 13G/A identifies Berkley Insurance Company as the subsidiary holding the same 434,420 shares. Signatures are dated 05/07/2026.
Flag Ship Acquisition Corporation is asking shareholders to approve an amendment to its Amended and Restated Memorandum and Articles of Association to permit up to twelve additional one-month extensions of the period to complete an initial business combination, moving the deadline from June 20, 2026 to June 20, 2027. If approved, the Sponsor must deposit a Monthly Extension Fee—the lesser of $60,000 or $0.033 per remaining public share—for each one-month extension. Public shareholders may elect to redeem their Public Shares for a pro rata portion of funds in the Trust Account in connection with the vote. Without approval, the company expects to liquidate if it has not closed a business combination by June 20, 2026. The Board recommends a vote FOR the Extension Proposal and a related Adjournment Proposal.
Flag Ship Acquisition Corporation has formally ended its planned business combination with Great Future Technology Inc. The companies signed a Mutual Termination Agreement on May 3, 2026, which cancels their earlier Agreement and Plan of Merger.
The termination includes a mutual release of claims among all parties and their affiliates, while preserving liabilities for any knowing or intentional breaches of representations, warranties, or covenants in the original merger agreement. No party is required to pay a termination fee in connection with this mutual decision.
Flag Ship Acquisition Corp. reported that Nasdaq notified the company on April 17, 2026 that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because its Form 10-K for the year ended December 31, 2025 was not filed on time.
The company must submit a plan to regain compliance to Nasdaq by June 16, 2026, and, if the plan is accepted, Nasdaq may grant an extension of up to October 12, 2026 to file the Form 10-K and cure the deficiency. The notice does not immediately affect the listing of Flag Ship’s securities on Nasdaq, and the company states it is working diligently to complete the Form 10-K, while cautioning there is no assurance it will regain compliance or meet all Nasdaq listing criteria.