---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-006124"
form_type: "8-K"
ticker: "FSHP"
cik: "0001850059"
company_name: "Flag Ship Acquisition Corp"
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:18:13.690948+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Flag Ship Acquisition dismisses Marcum Asia; engages MaloneBailey as new auditor

## Summary
- Audit committee dismissed Marcum Asia and engaged MaloneBailey effective July 16, 2024.
- No accounting disagreements, but Marcum Asia flagged going concern doubt and a 2022 financial restatement due to material weaknesses.
- Material weaknesses included failure to record costs as expenses and improper deferral of offering costs; restated 2022 financials.
- Company provided Marcum Asia a copy of this 8-K; auditor's letter furnished as Exhibit 16.1.

## SEC filing metadata
- accession: 0001829126-24-006124
- form_type: 8-K
- ticker: FSHP
- cik: 0001850059
- company_name: Flag Ship Acquisition Corp
- filed_at: 2024-09-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850059/000182912624006124/0001829126-24-006124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850059/000182912624006124/flagship_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-006124
- JSON: https://secwatch.observer/filing/0001829126-24-006124.json
- Plain text: https://secwatch.observer/filing/0001829126-24-006124.txt

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