Flag Ship Acquisition secures $1M promissory note, draws $294,688 for working capital

Flag Ship Acquisition Corp

Issued unsecured promissory note to Whale Management Corp. for up to $1,000,000 on August 30, 2024.
Immediately drew $294,688 for working capital needs.
Note bears no interest; due on Dec 31, 2025 or upon initial business combination.
Drawn amounts cannot be re-borrowed even if prepaid.

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