{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-26-000772","form_type":"8-K","ticker":"FSHP","cik":"0001850059","company_name":"Flag Ship Acquisition Corp","filed_at":"2026-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.531310+00:00","generated_at":"2026-05-16T06:05:14.979482+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Flag Ship Acquisition increases promissory note to $2M, extends maturity to Dec 31, 2026","bullets":["Second amended note raises principal from $1.2M to $2M, originally $1M in Aug 2024.","Maturity date now earlier of December 31, 2026 or consummation of initial business combination.","Note is unsecured, non-interest bearing, from Whale Management Corporation.","Drawdowns up to $2M for operational costs and business combination expenses; min $10K per request.","Payee waives any claim against the trust account established from IPO proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-26-000772","json":"https://secwatch.observer/filing/0001829126-26-000772.json","markdown":"https://secwatch.observer/filing/0001829126-26-000772.md","text":"https://secwatch.observer/filing/0001829126-26-000772.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1850059/000182912626000772/0001829126-26-000772-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1850059/000182912626000772/flagshipacq_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:05:14.979482+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":"d4ea26b754e97bf177c40baec15101799c62118b","claim":"Flag Ship Acquisition Corp amended debt of from $1,200,000 to $2,000,000 with Whale Management Corporation maturing earlier of: (i) December 31, 2026 or (ii) the date on which the Company consummates its initial business combination.","evidence_excerpt":"On January 28, 2026, the Company and Whale agreed to amend and restate the Amended Note (the “Second Amended Note”). to raise the principal balance from $1,200,000 to $2,000,000 and extend the maturity date thereof to be the earlier of: (i) December 31, 2026 or (ii) the date on which the Company consummates its initial business combination.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1850059/000182912626000772/0001829126-26-000772-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"from $1,200,000 to $2,000,000"},{"label":"Counterparty","value":"Whale Management Corporation"},{"label":"Maturity","value":"earlier of: (i) December 31, 2026 or (ii) the date on which the Company consummates its initial business combination"},{"label":"Event","value":"amendment"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}