Flag Ship SPAC signs definitive $400M business combination with Bluechip & Co. Holdings

Flag Ship Acquisition Corp

Deal value: $400M Company Net Value; Bluechip shareholders receive 40,000,000 Purchaser shares at $10.00/share.
Two-step merger: Flag Ship merges into Purchaser, then Merger Sub merges into Bluechip; Bluechip survives as subsidiary.
Bluechip provides insurance customer-acquisition, financial-education, AI-driven online-advertising and data-center services.
Post-closing board of 5 directors; Bluechip CEO Ming Zhang will serve as director.
Bluechip funds non-interest-bearing Expense Loans; not due before June 20, 2027; deal requires Form F-4 and shareholder approvals.

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