---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-26-010118"
form_type: "8-K"
ticker: "FSHP"
cik: "0001850059"
company_name: "Flag Ship Acquisition Corp"
filed_at: "2026-09-15T20:30:23+00:00"
generated_at: "2026-09-15T20:31:10.144972+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-26-010118
- form_type: 8-K
- ticker: FSHP
- cik: 0001850059
- company_name: Flag Ship Acquisition Corp
- filed_at: 2026-09-15T20:30:23+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850059/000182912626010118/0001829126-26-010118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850059/000182912626010118/flagshipacq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-26-010118
- JSON: https://secwatch.observer/filing/0001829126-26-010118.json
- Plain text: https://secwatch.observer/filing/0001829126-26-010118.txt

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