Flag Ship Acquisition and Great Future Technology mutually terminate merger agreement

Flag Ship Acquisition Corp

Mutual termination of Merger Agreement dated April 18, 2025, effective May 3, 2026.
No termination fee is payable by any party under the Termination Agreement.
Parties and affiliates released from all claims except those from knowing/intentional breaches.
All ancillary agreements (lock-up, support, registration rights) automatically terminated.
SPAC now lacks a business combination target; no new deal announced.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Flag Ship Acquisition Corp terminated Agreement and Plan of Merger with Great Future Technology Inc. and GFT Merger Sub Limited valued at Mutual termination of the Agreement and Plan of Merger (effective 2026-05-03).

Action: termination
Agreement: merger
Counterparty: Great Future Technology Inc. and GFT Merger Sub Limited
Value: Mutual termination of the Agreement and Plan of Merger
Effective: 2026-05-03

Exact text from the filing

On May 3, 2026, pursuant to the GFT Merger Agreement, the parties to the Merger Agreement entered into a Mutual Termination of Agreement (the “Termination Agreement”), pursuant to which, among other things, the parties agreed to mutually terminate the GFT Merger Agreement.

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Flag Ship Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001829126-26-004455

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