{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-25-006779","form_type":"8-K","ticker":"FSHP","cik":"0001850059","company_name":"Flag Ship Acquisition Corp","filed_at":"2025-08-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.353000+00:00","generated_at":"2026-05-17T09:47:29.773030+00:00","sec_items":["1.01","2.03","5.07","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Flag Ship shareholders approve reduced extension fee; 3.8M shares redeemed at $10.47","bullets":["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extending deadline to June 20, 2026.","Holders of 3,837,483 shares redeemed at ~$10.47 per share, totaling ~$40.2M withdrawn from trust.","Promissory note with sponsor amended to increase principal from $1M to $1.2M for working capital.","First monthly extension fee due by September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."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-25-006779","json":"https://secwatch.observer/filing/0001829126-25-006779.json","markdown":"https://secwatch.observer/filing/0001829126-25-006779.md","text":"https://secwatch.observer/filing/0001829126-25-006779.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1850059/000182912625006779/0001829126-25-006779-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1850059/000182912625006779/flagshipacq_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:47:29.773030+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb6f091c26cbee6a357375e883c9d8fe673a03b9","claim":"Flag Ship Acquisition Corp amended loan of $1,200,000 with Whale Management Corporation maturing the earlier of: (i) December 31, 2025 or (ii) the date on which the Company consummates its initial business combination.","evidence_excerpt":"On August 21, 2025, the Company and Whale agreed to amend and restate the Original Note to solely raise the principal balance from $1,000,000 to $1,200,000 (the “Amended Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1850059/000182912625006779/0001829126-25-006779-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,200,000"},{"label":"Counterparty","value":"Whale Management Corporation"},{"label":"Maturity","value":"the earlier of: (i) December 31, 2025 or (ii) the date on which the Company consummates its initial business combination"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}