secwatch.observer — SEC 8-K summary
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Issuer:     Flag Ship Acquisition Corp (FSHP)
CIK:        0001850059
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001829126-24-004363
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/0001829126-24-004363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850059/000182912624004363/flagshipacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-004363

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer