Here are the 10-K annual reports from Flag Ship Acquisition Corp. Right (FSHPR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FSHPR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSHPR filings page.
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 Corporation reports on its first year as a SPAC following its June 2024 IPO. The company sold 6,900,000 units at $10.00 each, raising $69,000,000, plus 238,000 private placement units for $2,380,000. After transaction costs of $3,448,233, funds were placed in a U.S. trust account to finance a future business combination.
As of December 31, 2025, the trust account held $33,080,038 and the company had a working capital deficit of $1,438,801. A prior merger agreement with Great Rich Technologies and a subsequent agreement with Great Future Technology were both mutually terminated with no termination fees. Flag Ship then signed a letter of intent with Bluechip & Co. Holdings for a potential transaction, which remains subject to due diligence and definitive agreements.
Shareholders approved an August 2025 extension structure and 3,837,483 shares were redeemed at about $10.47 per share, leaving 3,062,517 public shares. The sponsor has been funding monthly extension fees of up to $60,000, and shareholders will vote on June 11, 2026 on a further extension of the deadline to complete a business combination from June 20, 2026 to June 20, 2027, with continued monthly deposits if approved.