Flag Ship Acquisition Corp

For the period ended Mar 31, 2025. Filed May 13, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 13, 2025

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

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Contents

Balance Sheets (Unaudited)

UNAUDITED BALANCE SHEETS

	March 31, 2025	December 31, 2024
ASSETS
Current asset:
Cash	$35,705	$76,747
Prepayments and deposits	121,030	95,737
Total current assets	156,735	172,484
Cash and investments held in trust account	71,538,905	70,799,136
TOTAL ASSETS	$71,695,640	$70,971,620
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities:
Accrued liabilities	$8,192	$34,370
Promissory notes – related party	850,351	677,851
Total current liabilities	858,543	712,221
Deferred underwriting compensation	1,725,000	1,725,000
TOTAL LIABILITIES	2,583,543	2,437,221
Commitments and contingencies
Ordinary shares subject to possible redemption, 6,900,000 and 6,900,000 shares issued and outstanding at redemption value of $10.37 and $10.26 at March 31, 2025 and December 31, 2024, respectively	71,538,905	70,799,136
Shareholders’ deficit:
Ordinary shares, $0.001 par value; 50,000,000 shares authorized; 1,963,000 and 1,963,000 shares issued and outstanding (excluding 6,900,000 and 6,900,000 shares, subject to possible redemption as of March 31, 2025 and December 31, 2024, respectively)	1,963	1,963
Accumulated deficit	(2,428,771)	(2,266,700)
Total Shareholders’ deficit	(2,426,808)	(2,264,737)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$71,695,640	$70,971,620

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.