secwatch.observer — SEC 8-K summary
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Issuer:     Flag Ship Acquisition Corp (FSHP)
CIK:        0001850059
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001829126-24-006068
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850059/000182912624006068/0001829126-24-006068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850059/000182912624006068/flagship_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006068

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