Flag Ship Acquisition Corp
For the period ended Mar 31, 2025. Filed May 13, 2025.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows (Unaudited)
UNAUDITED STATEMENTS OF CASH FLOWS
| Three Months ended March 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Cash flows from operating activities: | |||
| Net income (loss) | $577,698 | $(75,788) | |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||
| Interest and dividends earned on cash and investments held in trust account | (739,769) | - | |
| Change in operating assets and liabilities | |||
| Prepayments and deposits | (25,293) | 1,372 | |
| Accrued liabilities | (26,178) | 3,910 | |
| Due to related party | 30,000 | - | |
| Net cash used in operating activities | (183,542) | (70,506) | |
| Cash flows from financing activities: | |||
| Promissory notes - related party | 142,500 | - | |
| Payment of deferred offering costs | - | (5,000) | |
| Net cash provided by (used in) financing activities | 142,500 | (5,000) | |
| NET CHANGE IN CASH | (41,042) | (75,506) | |
| CASH, BEGINNING OF PERIOD | 76,747 | 116,210 | |
| CASH, END OF PERIOD | $35,705 | $40,704 | |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Subsequent remeasurement of ordinary shares subject to possible redemption | $739,769 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.