Flag Ship Acquisition Corp (FSHP) is the subject of a Schedule 13G in which W. R. Berkley Corporation and Berkley Insurance Company each report beneficial ownership of 198,813 ordinary shares, or 5.7% of the class. Each reports shared voting and dispositive power over 198,813 shares and zero sole voting or dispositive power. Richard M. Baio signed for both entities, as Executive Vice President and Chief Financial Officer of W. R. Berkley Corporation and Executive Vice President and Treasurer of Berkley Insurance Company.
Flag Ship Acquisition Corp. shareholders approved the election of four directors and ratified the appointment of Wei, Wei & Co., LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, at the annual general meeting on November 6, 2026. Holders of 2,853,595 ordinary shares were present in person or by proxy.
Matthew Chen, Shan Cui, Pai Liu, and Wen He were elected to serve until the next annual meeting of stockholders or until their respective successors have been elected and qualified. The adjournment proposal was not presented because there were sufficient votes to approve the director election and auditor ratification proposals.
Flag Ship Acquisition Corp. amended its annual report for the year ended December 31, 2025, replacing MaloneBailey, LLP’s independent auditor’s report with a report from Wei, Wei & Co. after changing its independent registered public accounting firm on July 20, 2026.
The consolidated financial statements are unchanged, with no substantive changes to previously reported financial condition, results of operations, cash flows or other financial results. The amendment adds new principal executive and financial officer certifications and an updated signature page; otherwise, it speaks as of the original report’s May 29, 2026 filing date and does not update it for subsequent events.
Flag Ship Acquisition Corp (symbol: FSHP) is the issuer of record for a Form 8-K filing submitted to the SEC.
Flag Ship Acquisition Corp. (FSHP) reported that The Nasdaq Stock Market approved its application to transfer the listing of its ordinary shares, units and rights from the Nasdaq Global Market to the Nasdaq Capital Market. The move is intended to facilitate compliance with applicable Nasdaq listing standards.
The company’s securities (FSHP, FSHPU, FSHPR) are expected to begin trading on the Nasdaq Capital Market at the opening of business on September 2, 2026. The transfer does not affect the registration of these securities under the Securities Exchange Act of 1934, and Flag Ship Acquisition Corp. will remain subject to all periodic reporting requirements.
Flag Ship Acquisition Corp (FSHP) reported that Mizuho Securities USA LLC, a ten percent owner, executed a sale of 85,000 shares of Common Stock on 2026-08-17 in an open-market or private transaction at $11.23 per share. Following this transaction, the reporting holder directly owns 315,000 shares of FSHP common stock.
Flag Ship Acquisition Corp (FSHP) reported that Mizuho Securities USA LLC filed an initial statement of beneficial ownership on Form 3 as a ten percent owner. The filing lists direct ownership of 400,000 shares of Common Stock as of the reported date, with no buy or sell transaction indicated.
Flag Ship Acquisition Corporation, a Cayman Islands SPAC, reported net income of $184,954 for the quarter and $314,782 for the six months ended June 30, 2026, driven entirely by $585,461 of interest and dividends on $34,017,341 held in its Trust Account. Operating expenses were modest at $270,679 for the six months.
After substantial shareholder redemptions of $40.4M in August 2025 and $16.7M in June 2026, only 1,555,260 public ordinary shares remain subject to possible redemption. Cash outside the Trust Account was $1,300 with a working capital deficit of $2,061,322 and related-party promissory notes totaling $2,053,701, including $591,842 of extension loans. The SPAC has extended its combination deadline to June 20, 2027 and is in a 90-day exclusive negotiation period under a Letter of Intent with Bluechip & Co. Holdings, but no definitive agreement has been signed. Management discloses substantial doubt about the company’s ability to continue as a going concern if a business combination is not completed within the allowed period.
W. R. Berkley Corporation, together with subsidiary Berkley Insurance Company, reports that it no longer has any beneficial ownership of the ordinary shares of Flag Ship Acquisition Corporation. The filing lists 0 shares beneficially owned and a 0.0% ownership of the class.
The filing specifies that W. R. Berkley Corporation and Berkley Insurance Company each have 0 shares with sole or shared voting power and 0 shares with sole or shared dispositive power. The ownership is therefore reported as 5 percent or less of the class, with no remaining voting or dispositive authority over the issuer’s ordinary shares.
Flag Ship Acquisition Corporation replaced its external auditor. On July 20, 2026, the audit committee engaged Wei, Wei & Co., LLP as independent registered public accounting firm for the year ending December 31, 2026, and dismissed MaloneBailey LLP effective the same date.
The company states there were no disagreements or reportable events with MaloneBailey as defined in Regulation S‑K, other than previously disclosed material weaknesses in internal control over financial reporting, including inadequate segregation of duties and insufficient written policies and procedures. MaloneBailey’s reports for the years ended December 31, 2025 and 2024 contained an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern due to net capital deficiency, expected costs of financing and acquisition plans, and reliance on completing a business combination within a required time frame.