{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-26-004888","form_type":"8-K","ticker":"FSHP","cik":"0001850059","company_name":"Flag Ship Acquisition Corp","filed_at":"2026-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.129711+00:00","generated_at":"2026-05-14T18:58:32.891285+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Flag Ship SPAC signs LOI to acquire Bluechip at $300M-$400M implied valuation","bullets":["Binding LOI signed with Bluechip & Co. Holdings; 100% equity acquisition through share exchange or merger.","Bluechip's implied equity valuation expected between $300M and $400M based on preliminary discussions.","90-day mutual exclusivity period for due diligence and negotiation of definitive agreement.","Bluechip operates cross-border insurance referral services and U.S. capital markets advisory.","No definitive agreement yet; transaction subject to due diligence, board and shareholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-26-004888","json":"https://secwatch.observer/filing/0001829126-26-004888.json","markdown":"https://secwatch.observer/filing/0001829126-26-004888.md","text":"https://secwatch.observer/filing/0001829126-26-004888.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1850059/000182912626004888/0001829126-26-004888-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1850059/000182912626004888/flagshipacq_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T18:58:32.891285+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}