Flag Ship Acquisition Corp Files 8-K

TL;DR

Flag Ship Acquisition Corp filed an 8-K on 6/26 detailing corporate structure as of 6/20.

AI Summary

Flag Ship Acquisition Corporation filed an 8-K on June 26, 2024, reporting on events that occurred on June 20, 2024. The filing primarily concerns the company's structure, including its ordinary shares and rights, and its principal executive offices located in New York. No specific business transactions or financial figures were detailed in this particular filing.

Why It Matters

This 8-K filing provides an update on the corporate structure and basic information for Flag Ship Acquisition Corporation, which is relevant for investors tracking the company's status.

Risk Assessment

Risk Level: low — This filing is primarily administrative and does not contain significant new financial information or strategic changes that would immediately impact risk.

Key Players & Entities

• Flag Ship Acquisition Corporation (company) — Registrant
• Cayman Islands (jurisdiction) — Place of Incorporation
• New York (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — each consisting of one Ordinary Share, $0.001 par value, and one right FSHPU The
• $10.00 — Units were sold at an offering price of $10.00 per unit, and the IPO generated aggrega
• $69,000,000 — O generated aggregate gross proceeds of $69,000,000. Simultaneously with the closing of t
• $2,380,000 — t generated aggregate gross proceeds of $2,380,000, including cancellation of $500,640 of
• $500,640 — f $2,380,000, including cancellation of $500,640 of indebtedness. As of June 20, 2024,
• $1,725,000 — l of $69,000,000 (which amount includes $1,725,000 of the underwriter's deferred discount)

Filing Documents

• flagship_8k.htm (8-K) — 47KB
• flagship_ex99-1.htm (EX-99.1) — 108KB
• ex99-1_001.jpg (GRAPHIC) — 13KB
• 0001829126-24-004438.txt ( ) — 420KB
• fshpu-20240620.xsd (EX-101.SCH) — 4KB
• fshpu-20240620_def.xml (EX-101.DEF) — 26KB
• fshpu-20240620_lab.xml (EX-101.LAB) — 37KB
• fshpu-20240620_pre.xml (EX-101.PRE) — 25KB
• flagship_8k_htm.xml (XML) — 7KB

01

Item 8.01. Other Events. As previously disclosed by Flag Ship Acquisition Corporation (the " Company ") in its Current Report on Form 8-K, as filed with the U.S. Securities and Exchange Commission (the " SEC ") on June 21, 2024, the Company consummated its initial public offering (the " IPO ") on June 20, 2024, consisting of 6,900,000 units (the " Public Units "), including 900,000 Public Units as a result of the underwriter's exercise in full of their over-allotment option. Each Public Unit consists of one ordinary share, $0.001 par value (an " Ordinary Share "), and one right to receive one-tenth (1/10 th ) of an Ordinary Share upon the consummation of the Company's initial business combination (a " Public Right" ). The Public Units were sold at an offering price of $10.00 per unit, and the IPO generated aggregate gross proceeds of $69,000,000. Simultaneously with the closing of the IPO and the sale of the Public Units, the Company consummated the private placement (" Private Placement ") of 238,000 units (the " Private Placement Units "), at a price of $10.00 per Private Placement Unit, with Whale Management Corporation, a British Virgin Islands exempted company (the " Sponsor "), pursuant to a Private Placement Unit Purchase Agreement by and between the Company and the Sponsor (the " Unit Purchase Agreement "). The Private Placement generated aggregate gross proceeds of $2,380,000, including cancellation of $500,640 of indebtedness. As of June 20, 2024, a total of $69,000,000 (which amount includes $1,725,000 of the underwriter's deferred discount), comprised of proceeds from the IPO (including the proceeds received from the exercise by the Underwriters of the over-allotment option) and the sale of the Private Placement Units (including the proceeds received as a result of the Underwriters' exercise of the over-allotment option) was placed in a U.S.-based trust account at Wilmington Trust, N.A., at trustee. Except with respect to interest earned on the fu

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits EXHIBIT INDEX Exhibit No. Description 99.1 Audited balance sheet, dated as of June 20, 2024 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. Flag Ship Acquisition Corporation Dated: June 26, 2024 By: /s/ Matthew Chen Name: Matthew Chen Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR