FSHP Research | Milton Maxwell

FSHP

Flag Ship Acquisition Corporation

10.71

+0.00+0%

Dec 15, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

94.92M

P/E (TTM)

41.19

Basic EPS (TTM)

0.26

Dividend Yield

Recent Filings

8-K

1/30/26Jan 30, 2026

8-K

12/19/25Dec 19, 2025

8-K

Merger deadline extended

12/12/25Dec 12, 2025

Flag Ship Acquisition extended its merger agreement deadline with Great Future Technology from December 31, 2025, to June 30, 2026, via a first amendment signed December 11. This buys time for shareholder approvals and closing conditions amid SPAC pressures. Deal still pending.

10-Q

Q3 FY2025 results

10/31/25Oct 31, 2025

Flag Ship Acquisition posted Q3 net income of $453K, down slightly y/y from $488K yet propped by $690K in trust interest that outpaced $237K expenses. Trust shrank to $32.6M after August's $40.4M redemption wave, leaving $18K cash outside amid $1.2M related-party debt. Extensions locked in at $60K monthly through June 2026. GFT merger talks continue post-GRT termination. Solid trust yield persists. No merger? Liquidation looms.

8-K

9/23/25Sep 23, 2025

About

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to focus on businesses that have a connection to the Asian market. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.

CEO

Mr. Matthew Chen

IPO

8/15/2024

Sector

Financial Services

Industry

Shell Companies