---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-006068"
form_type: "8-K"
ticker: "FSHP"
cik: "0001850059"
company_name: "Flag Ship Acquisition Corp"
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:40:58.502552+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-24-006068
- form_type: 8-K
- ticker: FSHP
- cik: 0001850059
- company_name: Flag Ship Acquisition Corp
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850059/000182912624006068/0001829126-24-006068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850059/000182912624006068/flagship_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-006068
- JSON: https://secwatch.observer/filing/0001829126-24-006068.json
- Plain text: https://secwatch.observer/filing/0001829126-24-006068.txt

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