Flag Ship Acquisition Corporation
FSHP
NASDAQ Global Market11.04
USD
+0.02
- -
CIK
0001850059
ISIN
KYG3530C1096
Return %
Stock
S&P500
1Y
5.34
26.53
3Y
10.51
76.60
5Y
10.51
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Matthew Chen
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 260 Madison Avenue New York City NY United States of America 10016
- IPO Date
- Aug 15, 2024
- CIK
- 0001850059
- Website
- flagshipacquisition.com
- Similar Companies
- Business
- Flag Ship Acquisition Corporation Flag Ship Acquisition Corporation (NASDAQ: FSHP) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase or reorganization with one or more businesses, particularly those with connections to the Asian market; its structure provides a vehicle for investors to gain exposure to target companies through such transactions without the company engaging in direct revenue-generating activities like product sales or services. Flag Ship Acquisition Corporation was incorporated in 2018 and maintains its headquarters at 26 Broadway, Suite 934, New York, New York. The company went public via an initial public offering on June 18, 2024, raising funds at an IPO price of $10.00 per unit to pursue its business combination objectives. In October 2024, it entered into a definitive merger agreement with Great Rich Technologies Limited (KOSDAQ: 900290), a Hong Kong-based producer of optoelectronic products, and GRT Merger Star Limited, under which Flag Ship shareholders would receive American Depositary Shares of Great Rich Technologies upon closing, subject to shareholder approvals, regulatory clearances and Nasdaq listing approval for the ADSs; the sponsor Whale Management Corporation extended the business combination deadline multiple times, most recently to October 20, 2025, via a $60,000 trust deposit, with intentions for further monthly extensions as needed up to June 2026.
Flag Ship Acquisition Corporation Receives Additional Nasdaq Notification Regarding Late Filing of Quarterly Report
Flag Ship Acquisition Corporation Enters into Letter of Intent with Bluechip & Co. Holdings
Flag Ship Acquisition Corp Receives Nasdaq Notification of Non-Compliance with Listing Rules
Crossingbridge Advisors LLC Takes $1.42 Million Position in Flag Ship Acquisition Corporation $FSHP
Flag Ship Acquisition (NASDAQ:FSHP) Trading 0.1% Higher – Here’s What Happened