---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-26-004455"
form_type: "8-K"
ticker: "FSHP"
cik: "0001850059"
company_name: "Flag Ship Acquisition Corp"
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-15T00:01:33.954396+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Flag Ship Acquisition and Great Future Technology mutually terminate merger agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-26-004455
- form_type: 8-K
- ticker: FSHP
- cik: 0001850059
- company_name: Flag Ship Acquisition Corp
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850059/000182912626004455/0001829126-26-004455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850059/000182912626004455/flagshipacq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-26-004455
- JSON: https://secwatch.observer/filing/0001829126-26-004455.json
- Plain text: https://secwatch.observer/filing/0001829126-26-004455.txt

## Source-grounded claims
- claim_id: 40db1a5fd7ac7b9e723c589643646e610f2d8b44
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850059/000182912626004455/0001829126-26-004455-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.