Flag Ship Acquisition Corp

For the period ended Dec 31, 2024. Filed Mar 4, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 4, 2025

FSHP$11.35+0.3%Stored close · as of Nov 9, 2026

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Contents

Balance Sheets as of December 31, 2024 and 2023

BALANCE SHEETS

December 31, 2024 · December 31, 2023
ASSETS
Current asset:
Cash	$76,747		$116,210
Prepayments and deposits	95,737		4,338
Total current assets	172,484		120,548
Deferred offering costs	-		30,000
Investments held in trust account	70,799,136		-
TOTAL ASSETS	$70,971,620		$150,548
LIABILITIES AND SHAREHOLDER’S DEFICIT
Current liabilities:
Accrued liabilities	$34,370	$	-
Promissory notes – related party	677,851		433,554
Total current liabilities	712,221		433,554
Deferred underwriting compensation	1,725,000		-
TOTAL LIABILITIES	2,437,221		433,554
Commitments and contingencies
Ordinary shares subject to possible redemption, 6,900,000 and 0 shares issued and outstanding at redemption value of $10.26 and $0 at December 31, 2024 and 2023, respectively	70,799,136		-
Shareholders’ deficit:
Ordinary shares, $0.001 par value; 50,000,000 shares authorized; 1,963,000 and 1,725,000 shares issued and outstanding (excluding 6,900,000 and 0 shares, subject to possible redemption as of December 31, 2024 and 2023, respectively)	1,963		1,725
Additional paid in capital	-		23,275
Accumulated deficit	(2,266,700)		(308,006)
Total Shareholders’ deficit	(2,264,737)		(283,006)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$70,971,620		$150,548

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.