Every 8-K that FLAG SHIP ACQUISITION CORP (FSHPU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FSHPU 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 FSHPU filings page.
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 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.
Flag Ship Acquisition Corporation extended the deadline to complete its initial business combination by one month, moving it from June 20, 2026 to July 20, 2026. The extension follows prior shareholder approval allowing up to twelve monthly extensions through June 20, 2027 if additional funds are deposited into the trust.
Under the trust agreement, each extension requires the sponsor to deposit the lesser of $60,000 or $0.033 per outstanding IPO share into the Trust Account. After 1,507,257 ordinary shares were redeemed at the June 11, 2026 Extraordinary General Meeting, the sponsor, Whale Management Corporation, deposited $51,482 on June 18, 2026 to fund the first extension.
Flag Ship Acquisition Corporation obtained shareholder approval to extend the deadline to complete its initial business combination. The company can now push the deadline up to twelve times, each for one month, from June 20, 2026 to June 20, 2027.
Under an amended Investment Management Trust Agreement, each monthly extension requires the sponsor or its affiliates to deposit the lesser of $60,000 or $0.033 per outstanding IPO ordinary share into the trust account. At the June 11, 2026 Extraordinary General Meeting, 5,025,517 ordinary shares were eligible to vote and 4,260,752 were represented, approving the extension by 2,993,175 votes for and 1,267,577 against.
In connection with the meeting, holders of 1,507,257 ordinary shares elected to redeem their shares for a pro rata portion of the funds held in the trust account, reducing the public float while leaving the SPAC additional time to seek a business combination.
Flag Ship Acquisition Corporation has regained full compliance with Nasdaq’s reporting rules. Nasdaq’s Listing Qualifications Department notified the company that it now meets Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic SEC reports.
Earlier notices in April and May 2026 cited late filings of the company’s Form 10-K for the year ended December 31, 2025 and Form 10-Q for the quarter ended March 31, 2026. After Flag Ship filed its March 31, 2026 Form 10-Q on June 5, 2026, Nasdaq confirmed compliance on June 8, 2026 and stated that the matter is closed. The company issued a press release on June 9, 2026 to announce this outcome.
Flag Ship Acquisition Corporation reported that Nasdaq has issued a second deficiency notice because the company did not timely file its Form 10-Q for the quarter ended March 31, 2026. The company had already received an earlier notice for missing its Form 10-K for the year ended December 31, 2025.
The company remains delinquent on both reports under Nasdaq Listing Rule 5250(c)(1). It has 60 days from the initial notice, until June 16, 2026, to submit a plan to regain compliance, and Nasdaq may grant up to October 12, 2026, for the company to become current. The notices do not immediately affect the listing or trading of its ordinary shares, and the company states it is working to complete the filings, while warning there is no assurance it will regain compliance.
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 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.
Flag Ship Acquisition Corporation has extended the deadline to complete its initial business combination by one month, moving the date from September 20, 2025 to October 20, 2025. This extension is part of a structure that allows up to nine one-month extensions, giving the company until June 20, 2026 to close a deal, as long as required deposits are made into its trust account.
On September 19, 2025, Whale Management Corporation, the company’s sponsor, deposited an extension fee of $60,000 into the trust account to fund this first one-month extension. The company also issued a press release on September 23, 2025 to announce the new deadline for completing its initial business combination.
Flag Ship Acquisition Corporation amended an unsecured promissory note with Whale Management Corporation, increasing the principal from $1,000,000 to $1,200,000 while keeping all other terms the same. The note, used to help fund the SPAC, remains non‑interest bearing and is due on the earlier of completing an initial business combination or December 31, 2025.
Shareholders at an extraordinary general meeting approved an Extension Fee Reduction Proposal, cutting the monthly amount the sponsor must deposit into the trust to extend the deal deadline to the lesser of $60,000 for all public shares or $0.033 per public share, with payments due monthly through June 20, 20263,837,483 ordinary shares redeemed their shares for about $10.47 per share in cash.