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Midas Edge

Flag Ship Acquisition Corp

For the period ended Sep 30, 2025. Filed Oct 31, 2025.

View on SEC.gov

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.

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.

See the whole filing, with its images and exhibits
Contents

Statements of Changes in Shareholders’ Deficit (Unaudited)

UNAUDITED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT

Ordinary shares · Additional paid-in · Accumulated · Total shareholders’
No. of shares · Amount · capital · deficit · deficit
Balance as of January 1, 20251,963,000$1,963$-$(2,266,700)$(2,264,737)
Subsequent remeasurement of ordinary shares subject to redemption---(739,769)(739,769)
Net income---577,698577,698
Balance as of March 31, 20251,963,000$1,963$-$(2,428,771)$(2,426,808)
Subsequent remeasurement of ordinary shares subject to redemption(742,274)(742,274)
Net income---589,626589,626
Balance as of June 30, 20251,963,000$1,963$-$(2,581,419)$(2,579,456)
Subsequent remeasurement of ordinary shares subject to redemption---(690,097)(690,097)
Extension funds attributable to ordinary shares subject to redemption(60,000)(60,000)
Net income---453,501453,501
Balance as of September 30, 20251,963,000$1,963$-$(2,878,015)$(2,876,052)
Ordinary shares · Additional paid-in · Accumulated · Total shareholders’
No. of shares · Amount · capital · deficit · deficit
Balance as of January 1, 20241,725,000$1,725$23,275$(308,006)$(283,006)
Net loss---(75,788)(75,788)
Balance as of March 31, 20241,725,000$1,725$23,275$(383,794)$(358,794)
Sale of units in initial public offering, net of offering costs6,900,0006,90065,520,667-65,527,567
Sale of units to the founder in private placement238,0002382,379,762-2,380,000
Initial classification of ordinary shares subject to possible redemption(6,900,000)(6,900)(64,660,391)-(64,667,291)
Allocation of offering costs to ordinary shares subject to redemption--3,231,709-3,231,709
Accretion of carrying value to redemption value--(6,495,022)(1,069,396)(7,564,418)
Subsequent remeasurement of ordinary shares subject to redemption---(97,945)(97,945)
Net income---19,92419,924
Balance as of June 30, 20241,963,000$1,963$-$(1,531,211)$(1,529,248)
Subsequent remeasurement of ordinary shares subject to redemption---(891,298)(891,298)
Net income---488,327488,327
Balance as of September 30, 20241,963,000$1,963$-$(1,934,182)$(1,932,219)
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.