---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-004363"
form_type: "8-K"
ticker: "FSHP"
cik: "0001850059"
company_name: "Flag Ship Acquisition Corp"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:59:17.271614+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Flag Ship Acquisition completes $60M IPO and $1.88M private placement; $69M trust funded

## Summary
- IPO of 6,000,000 units at $10/unit grossed $60M; over-allotment exercised for $9M.
- Private placement to sponsor Whale Mgmt Corp. for 238,000 units at $10; net $1,879,360 including debt cancel.
- $69M placed in trust account for future business combination; will release only upon biz combo or redemption.
- Board appointed: Matthew Chen (CEO), Shan Cui, Pai Liu, Wen He; audit, comp, nominating committees established.

## SEC filing metadata
- accession: 0001829126-24-004363
- form_type: 8-K
- ticker: FSHP
- cik: 0001850059
- company_name: Flag Ship Acquisition Corp
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/0001829126-24-004363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/flagshipacq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-004363
- JSON: https://secwatch.observer/filing/0001829126-24-004363.json
- Plain text: https://secwatch.observer/filing/0001829126-24-004363.txt

## Key facts
- Executive change
  Matthew Chen was appointed as Director at Flag Ship Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: As of June 17, 2024, the members of the Board of Directors of the Company are Mr. Matthew Chen, Ms. Shan Cui, Mr. Pai Liu, and Mr. Wen He.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/0001829126-24-004363-index.htm
- Executive change
  Wen He was appointed as Director at Flag Ship Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: As of June 17, 2024, the members of the Board of Directors of the Company are Mr. Matthew Chen, Ms. Shan Cui, Mr. Pai Liu, and Mr. Wen He.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/0001829126-24-004363-index.htm
- Executive change
  Shan Cui was appointed as Director at Flag Ship Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: As of June 17, 2024, the members of the Board of Directors of the Company are Mr. Matthew Chen, Ms. Shan Cui, Mr. Pai Liu, and Mr. Wen He.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/0001829126-24-004363-index.htm
- Executive change
  Pai Liu was appointed as Director at Flag Ship Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: As of June 17, 2024, the members of the Board of Directors of the Company are Mr. Matthew Chen, Ms. Shan Cui, Mr. Pai Liu, and Mr. Wen He.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/0001829126-24-004363-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.