Other Events ·
Shareholders approve extension of SPAC deadline to June 20, 2027; 1.5M shares redeemed
FSHPFlag Ship Acquisition Corp
On June 11, 2026, shareholders approved an amendment to extend the deadline to consummate an initial business combination. The company may now extend the deadline up to twelve times in one-month increments from June 20, 2026, until June 20, 2027. Each extension requires the Sponsor to deposit the lesser of $60,000 or $0.033 per outstanding IPO ordinary share into the trust account. Additionally, holders of 1,507,257 ordinary shares exercised their redemption rights for a pro rata portion of the Trust Account funds. The company is a special purpose acquisition company (SPAC) that operates as a blank check company to effect a business combination.