Flag Ship Acquisition Corp enters definitive merger with Great Rich Technologies Ltd

Flag Ship Acquisition Corp

Flag Ship shareholders receive one GRT ordinary share (payable in ADS) per share; rights converted on same basis.
Closing requires min $10M available liquidity, CSRC approval, Nasdaq listing of Parent ADSs, and KOSDAQ trading.
Outside date is Feb 28, 2025; GRT shareholders locked up 6 months; Sponsor locked up 30 days then 6 months.
GRT will file an F-4 registration statement; Flag Ship shareholders to vote on merger at extraordinary general meeting.
Flag Ship (SPAC) merges with GRT (Hong Kong public co); combined entity to list on Nasdaq and KOSDAQ.

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