Flag Ship Acquisition Corp
For the period ended Sep 30, 2025. Filed Oct 31, 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.
Sep 30, 2025 · Filed Oct 31, 2025
FSHP$11.35+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows (Unaudited)
UNAUDITED STATEMENTS OF CASH FLOWS
(Currency expressed in United States Dollars (“US$”))
| Nine months ended September 30, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| Cash flows from operating activities: | ||||
| Net income | $1,620,825 | $432,463 | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||||
| Interest and dividends earned on cash and investments held in trust account | (2,172,140) | (989,243) | ||
| Change in operating assets and liabilities | ||||
| Deferred offering costs | - | 30,000 | ||
| Prepayments and deposits | 59,797 | (116,207) | ||
| Accrued liabilities | 1,022 | 10,413 | ||
| Due to related party | 90,000 | - | ||
| Net cash used in operating activities | (400,496) | (632,574) | ||
| Cash flows from investing activities: | ||||
| Cash withdrawn from Trust Account in connection to redemption | 40,447,071 | - | ||
| Proceeds from extension loan deposited into trust account | (60,000) | - | ||
| Proceeds deposited in Trust Account | - | (69,000,000) | ||
| Net cash provided by (used in) investing activities | 40,387,071 | (69,000,000) | ||
| Cash flows from financing activities: | ||||
| Proceed from public offering, net of offering costs | - | 67,252,567 | ||
| Proceed from private placement | - | 2,380,000 | ||
| Redemption of ordinary shares | (40,447,071) | - | ||
| Proceeds from promissory note – related party | 402,500 | 317,566 | ||
| Repayment of promissory note – related party | - | (433,554) | ||
| Net cash provided by (used in) financing activities | (40,044,571) | 69,516,579 | ||
| NET CHANGE IN CASH | (57,996) | (115,995) | ||
| CASH, BEGINNING OF PERIOD | 76,747 | 116,210 | ||
| CASH, END OF PERIOD | $18,751 | $215 | ||
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||
| Initial classification of ordinary shares subject to possible redemption | $ | - | $64,667,291 | |
| Allocation of offering costs or ordinary shares subject to possible redemption | $ | - | $3,231,709 | |
| Accretion of carrying value to redemption value | $ | - | $7,564,418 | |
| Subsequent remeasurement of ordinary shares subject to possible redemption | $2,172,140 | $989,243 | ||
| Extension funds attributable to ordinary shares subject to redemption | $60,000 | $ | - | |
| Accrued underwriting compensation | $ | - | $1,725,000 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.