Flag Ship Acquisition Corp
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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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.
Jun 30, 2026 · Filed Aug 14, 2026
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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Condensed Balance Sheets
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Current asset: | ||
| Cash | $1,300 | $6,551 |
| Prepayments and deposits | 56,528 | 18,523 |
| Total current assets | 57,828 | 25,074 |
| Cash and investments held in trust account | 34,017,341 | 33,080,038 |
| TOTAL ASSETS | $34,075,169 | $33,105,112 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accrued liabilities | $65,449 | $17,124 |
| Promissory notes – related party | 2,053,701 | 1,446,751 |
| Ordinary shares subject to redemption | 16,682,320 | - |
| Total current liabilities | 18,801,470 | 1,463,875 |
| Deferred underwriting compensation | 1,725,000 | 1,725,000 |
| TOTAL LIABILITIES | 20,526,470 | 3,188,875 |
| Commitments and contingencies | ||
| Ordinary shares subject to possible redemption 1,555,260 and 3,062,517 shares issued and outstanding at redemption value of $11.15 and $10.80 on June 30, 2026 and December 31, 2025, respectively | 17,335,021 | 33,080,038 |
| 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 1,555,260 and 3,062,517 shares, subject to possible redemption as of June 30, 2026 and December 31, 2025, respectively) | 1,963 | 1,963 |
| Accumulated deficit | (3,788,285) | (3,165,764) |
| Total Shareholders’ deficit | (3,786,322) | (3,163,801) |
| TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | $34,075,169 | $33,105,112 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.