Flag Ship Acquisition Corp

For the period ended Dec 31, 2025. Filed May 29, 2026.

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.

FY2025 · Filed May 29, 2026

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

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Contents

Balance Sheets as of December 31, 2025 and 2024

BALANCE SHEETS

	December 31, 2025	December 31, 2024
ASSETS
Current asset:
Cash	$6,551	$76,747
Prepayments and deposits	18,523	95,737
Total current assets	25,074	172,484
Cash and investments held in trust account	33,080,038	70,799,136
TOTAL ASSETS	$33,105,112	$70,971,620
LIABILITIES AND SHAREHOLDER’S DEFICIT
Current liabilities:
Accrued liabilities	$17,124	$34,370
Promissory notes – related party	1,446,751	677,851
Total current liabilities	1,463,875	712,221
Deferred underwriting compensation	1,725,000	1,725,000
TOTAL LIABILITIES	3,188,875	2,437,221
Commitments and contingencies
Ordinary shares subject to possible redemption, 3,062,517 and 6,900,000 shares issued and outstanding at redemption value of $10.80 and $10.26 at December 31, 2025 and 2024, respectively	33,080,038	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 3,062,517 and 6,900,000 shares, subject to possible redemption as of December 31, 2025 and 2024, respectively)	1,963	1,963
Accumulated deficit	(3,165,764)	(2,266,700)
Total Shareholders’ deficit	(3,163,801)	(2,264,737)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$33,105,112	$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.