Flag Ship Acquisition CORP
Market Movers (8-K)
NASDAQ
Flag Ship Acquisition Corporation announced a change in its independent registered public accounting firm, dismissing Malone Bailey LLP and engaging Wei, Wei & Co., LLP, while acknowledging prior material weaknesses in internal controls.
Capital raise
NASDAQ
Flag Ship Acquisition Corporation has extended its business combination deadline to July 20, 2026, following a $51,482 sponsor deposit.
Delay expected
NASDAQ
Flag Ship Acquisition Corporation has amended its trust agreement and articles of association to extend its business combination deadline to June 20, 2027, subject to sponsor contributions.
Delay expected
NASDAQ
Flag Ship Acquisition Corporation has officially regained compliance with Nasdaq Listing Rule 5250(c)(1) after timely filing its overdue financial reports.
Delay expected
NASDAQ
Flag Ship Acquisition Corporation announced it received an additional deficiency letter from Nasdaq for failing to file its Q1 2026 quarterly report, putting its listing at risk.
Delay expected
NASDAQ
Flag Ship Acquisition Corporation has entered into a binding letter of intent with Bluechip & Co. Holdings for a proposed business combination, with an implied equity valuation for Bluechip between $300 million and $400 million.
Quarterly Earnings (10-Q)
NASDAQ
Flag Ship Acquisition Corporation reports Q1 2026 results while pursuing a new business combination with Bluechip & Co. Holdings.
Capital raise
Delay expected
NASDAQ
Flag Ship Acquisition Corporation reports a significant reduction in its trust account due to shareholder redemptions, raising substantial doubt about its ability to continue as a going concern despite pursuing a new merger agreement.
Delay expected
Worse than expected
Capital raise
NASDAQ
Flag Ship Acquisition Corporation reported increased net income for Q2 2025, driven by trust account interest, while announcing the termination of its merger agreement with Great Rich Technologies Limited and the signing of a new definitive merger agreement with Great Future Technology Inc., despite ongoing going concern uncertainties and internal control weaknesses.
Delay expected
Worse than expected
Capital raise
NASDAQ
10-Q: Flag Ship Acquisition Corporation Reports Net Income for Q1 2025, Announces New Merger Agreement
Flag Ship Acquisition Corporation reports a net income of $577,698 for the quarter ended March 31, 2025, and announces a new merger agreement with Great Future Technology Inc. after terminating the previous agreement with Great Rich Technologies Limited.
Better than expected
NASDAQ
Flag Ship Acquisition Corporation reported a net income of $432,463 for the nine months ended September 30, 2024, and announced a merger agreement with Great Rich Technologies Limited.
Better than expected
NASDAQ
10-Q: Flag Ship Acquisition Corporation Reports Second Quarter 2024 Results Following Successful IPO
Flag Ship Acquisition Corporation reports a net loss of $55,864 for the six months ended June 30, 2024, following its initial public offering.
Worse than expected
Capital raise
Annual Reports (10-K)
NASDAQ
Flag Ship Acquisition Corporation reports its 2025 financial results while continuing to seek an initial business combination.
Delay expected
Capital raise
NASDAQ
Flag Ship Acquisition Corporation's 2024 annual report details its financial standing, IPO success, and ongoing efforts to finalize a business combination, particularly the proposed merger with Great Rich Technologies (GRT).
Delay expected
Worse than expected
Insider Trading (Form 4)
NASDAQ
Flag Ship Acquisition Corporation has entered into a binding letter of intent with Bluechip & Co. Holdings for a proposed business combination, with Bluechip's implied equity valuation estimated between $300 million and $400 million.
NASDAQ
Flag Ship Acquisition Corporation and Great Future Technology Inc. have amended their merger agreement, extending the deadline for completion to June 30, 2026.
Worse than expected
Delay expected
NASDAQ
Flag Ship Acquisition Corporation terminated its previous merger agreement and entered into a new merger agreement with Great Future Technology Inc.
Delay expected
NASDAQ
Flag Ship Acquisition Corporation and Great Rich Technologies Limited amend their merger agreement to extend the outside date for completion to August 28, 2025.
Delay expected
NASDAQ
Flag Ship Acquisition Corporation will merge with Great Rich Technologies, with Flag Ship shareholders receiving GRT American Depositary Shares (ADSs) upon completion, pending customary closing conditions and Nasdaq listing approval.
NASDAQ
Whale Management Corp, a 10% owner of Flag Ship Acquisition Corp, purchased 238,000 units at $10 each, consisting of ordinary shares and rights to receive additional shares upon business combination.
Proxy Statements (Def-14A)
NASDAQ
Flag Ship Acquisition Corporation is seeking shareholder approval to extend its deadline for completing a business combination by up to twelve months, from June 20, 2026, to June 20, 2027.
Delay expected
NASDAQ
Flag Ship Acquisition Corporation announces its Annual Meeting to vote on director elections, auditor ratification, and potential meeting adjournment.
NASDAQ
Flag Ship Acquisition Corporation seeks shareholder approval to reduce monthly extension fees to incentivize its sponsor to fund additional time for its merger with Great Future Technology Inc.
Delay expected
Capital raise
New Public Companies (S-1)
NASDAQ
Flag Ship Acquisition Corporation aims to raise $60 million through an initial public offering to pursue a merger, acquisition, or similar business combination.
Capital raise
NASDAQ
Flag Ship Acquisition Corporation details its rights agreement in connection with its upcoming IPO, outlining terms for public and private rights.
Capital raise
Schedule 13G - Passive Investments
NASDAQ
Karpus Management, Inc. has filed an amendment to its Schedule 13G, reporting a 0.05% beneficial ownership stake in Flag Ship Acquisition Corp.
NASDAQ
CVI Investments, Inc. and Heights Capital Management, Inc. report combined beneficial ownership of 6.1% of Flag Ship Acquisition Corporation's ordinary shares as of December 31, 2025.
NASDAQ
W.R. Berkley Corporation and its subsidiary, Berkley Insurance Company, have reported an 8.6% beneficial ownership stake in Flag Ship Acquisition Corporation.
NASDAQ
First Trust Merger Arbitrage Fund and its affiliates have reported a 0.00% beneficial ownership in Flag Ship Acquisition Corp's Ordinary Shares as of September 30, 2025.
NASDAQ
Wolverine Asset Management and affiliated entities report a passive 2.93% beneficial ownership in Flag Ship Acquisition Corp.
NASDAQ
Karpus Management, Inc. has reported a 14.70% beneficial ownership stake in Flag Ship Acquisition Corp., holding 738,600 common shares as of September 30, 2025.