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  4. [8-K] Flag Ship Acquisition Corp Reports Material Event

Flag Ship gets Nasdaq OK for Capital Market move

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.

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • Transfer to Nasdaq Capital Market signals a move to a lower Nasdaq market tier, which is often associated with challenges meeting the more stringent Global Market listing standards, even though the company states the transfer is to facilitate compliance.

Insights

Analyzing...

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Transfer approval date August 28, 2026 Date Nasdaq approved transfer from Nasdaq Global Market to Nasdaq Capital Market
Capital Market trading start date September 2, 2026 Expected first trading day of FSHP securities on Nasdaq Capital Market
Trading symbols FSHP, FSHPU, FSHPR Symbols for ordinary shares, units and rights that will continue post-transfer
Nasdaq Capital Market market
"transfer the listing of the Company’s ordinary shares, units and rights from The Nasdaq Global Market to The Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
Nasdaq Global Market market
"transfer the listing of the Company’s ordinary shares, units and rights from The Nasdaq Global Market"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
ordinary shares financial
"ordinary shares, units and rights (collectively, the “Securities”)"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
periodic reporting requirements regulatory
"the Company will remain subject to the periodic reporting requirements of the Securities Exchange Act of 1934"
Periodic reporting requirements are the routine financial and disclosure filings a publicly traded company must provide on a set schedule (for example, quarterly and annually) plus prompt notices of significant events. Like regular medical checkups and lab results for a business, these reports give investors consistent, standardized information about a company’s finances, operations and risks so they can compare performance, spot warning signs, and make informed buy or sell decisions.

FAQ

What listing change did Flag Ship Acquisition Corp (FSHP) announce?
Flag Ship Acquisition Corp. announced Nasdaq approval to transfer its ordinary shares, units and rights from the Nasdaq Global Market to the Nasdaq Capital Market, with trading on the new market tier expected to begin on September 2, 2026.

When will FSHP securities start trading on the Nasdaq Capital Market?
FSHP’s ordinary shares, units and rights are expected to begin trading on the Nasdaq Capital Market at the opening of business on September 2, 2026, following Nasdaq’s approval of the company’s transfer application.

Will FSHP’s ticker symbols change after the market transfer?
No. The company states its securities will continue to trade under the symbols FSHP (ordinary shares), FSHPU (units) and FSHPR (rights) after the transfer to the Nasdaq Capital Market.

Why is Flag Ship Acquisition Corp transferring to the Nasdaq Capital Market?
Flag Ship Acquisition Corp. reports that it voluntarily applied to transfer its securities to the Nasdaq Capital Market in order to facilitate compliance with applicable Nasdaq listing standards.

Does the market transfer affect FSHP’s SEC registration or reporting duties?
No. The company states that the transfer does not affect registration of its securities under the Securities Exchange Act of 1934, and it will remain subject to the Act’s periodic reporting requirements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 28, 2026

 

Flag Ship Acquisition Corp.

 

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42138   00-0000000 N/A
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

 

26 Broadway, Suite 934
New York, New York		   10004
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (646) 362-0256

 

Not Applicable

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Ordinary Share, $0.001 par value, and one right   FSHPU   The Nasdaq Stock Market LLC
Ordinary Shares, $0.001 par value   FSHP   The Nasdaq Stock Market LLC
Rights to receive one-tenth (1/10th) of one Ordinary Share   FSHPR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On August 28, 2026, Flag Ship Acquisition Corp. (the “Company”) received notice from The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq had approved the Company’s application to transfer the listing of the Company’s ordinary shares, units and rights (collectively, the “Securities”) from The Nasdaq Global Market to The Nasdaq Capital Market. The Securities are expected to begin trading on The Nasdaq Capital Market at the opening of business on September 2, 2026. The Securities are expected to continue trading under the symbols “FSHP,” “FSHPU” and “FSHPR,” respectively.

 

The Company voluntarily applied to transfer the listing of the Securities to The Nasdaq Capital Market in order to facilitate its compliance with the applicable Nasdaq listing standards. The transfer does not affect the registration of the Securities under the Securities Exchange Act of 1934, as amended, and the Company will remain subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

Dated: August 31, 2026 FLAG SHIP ACQUISITION CORP.
     
  By: /s/ Matthew Chen
  Name: Matthew Chen
  Title: Chief Executive Officer

 

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Source: View Original Filing on SEC EDGAR

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