secwatch.observer — SEC 8-K summary
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Issuer:     Flag Ship Acquisition Corp (FSHP)
CIK:        0001850059
Form:       8-K
Filed at:   2026-01-30T23:59:59+00:00
Accession:  0001829126-26-000772
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flag Ship Acquisition increases promissory note to $2M, extends maturity to Dec 31, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850059/000182912626000772/0001829126-26-000772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850059/000182912626000772/flagshipacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-000772

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