Flag Ship shareholders approve reduced extension fee; 3.8M shares redeemed at $10.47

Flag Ship Acquisition Corp

Shareholders approved reduction of monthly extension fee to lesser of $60,000 or $0.033 per share, extending deadline to June 20, 2026.
Holders of 3,837,483 shares redeemed at ~$10.47 per share, totaling ~$40.2M withdrawn from trust.
Promissory note with sponsor amended to increase principal from $1M to $1.2M for working capital.
First monthly extension fee due by September 20, 2025; subsequent fees due by 20th of each month.

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