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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

June 11, 2026

Date of Report (Date of earliest event reported)

 

FLAG SHIP ACQUISITION CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Cayman Islands   001-42138   00-0000000 N/A
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

26 Broadway, Suite 934

New York, New York 10004

(Address of Principal Executive Offices, and Zip Code)

 

(646)-362-0256

Registrant’s Telephone Number, Including Area Code

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Ordinary Share, $0.001 par value, and one right   FSHPU   The Nasdaq Stock Market LLC
Ordinary Shares, $0.001 par value   FSHP   The Nasdaq Stock Market LLC
Rights to receive one-tenth (1/10th) of one Ordinary Share   FSHPR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On June 15, 2026, Flag Ship Acquisition Corporation (the “Company”), Wilmington Trust, National Association, as trustee (the “Trustee”), and Vstock Transfer LLC entered into Amendment No. 2 to the Investment Management Trust Agreement, dated as of June 17, 2024 (the “Trust Amendment”). The Trust Amendment amends the Investment Management Trust Agreement to reflect the approval by the Company’s shareholders of an extension of the date by which the Company must consummate an initial business combination. As amended, the Company may extend the time period to consummate a business combination up to twelve times, with each such extension consisting of a one-month period, from June 20, 2026 until June 20, 2027, subject to the Sponsor (or its designees or affiliates) depositing into the trust account an amount equal to the lesser of (i) $60,000 and (ii) $0.033 for each outstanding ordinary share sold in the Company’s initial public offering for each monthly extension.

 

The foregoing description of the Trust Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Trust Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

At the Extraordinary General Meeting of Shareholders of the Company held on June 11, 2026 (the “Extraordinary General Meeting”), the Company’s shareholders approved, by special resolution, an amendment to the Company’s Amended and Restated Memorandum and Articles of Association to extend the date by which the Company has to consummate an initial business combination up to twelve times, with each such extension consisting of a one-month period, from June 20, 2026 until June 20, 2027.

 

The foregoing description of the amendment to the Company’s Amended and Restated Memorandum and Articles of Association is qualified in its entirety by reference to the full text of such amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

On June 11, 2026, the Company held an Extraordinary General Meeting of shareholders (the “Extraordinary General Meeting”). As of the close of business on May 13, 2026, the record date for the Extraordinary General Meeting, there were 5,025,517 ordinary shares outstanding and entitled to vote. Holders of 4,260,752 ordinary shares were present in person or represented by proxy at the Extraordinary General Meeting, constituting a quorum. At the Extraordinary General Meeting, holders of the Company’s outstanding ordinary shares in attendance (represented in person or by proxy) voted on two proposals presented, the Extension Proposal and the Adjournment Proposal, each as described in the proxy statement dated May 18, 2026 (the “Proxy Statement”). The final voting results for the proposal submitted to the shareholders at the Extraordinary General Meeting were as follows:

 

Proposal No. 1 – Extension Proposal

 

To amend, by special resolution, the Company’s Amended and Restated Memorandum and Articles of Association to extend the date by which the Company has to consummate a business combination up to twelve times, with each such extension being for a one-month period, from June 20, 2026 to June 20, 2027. The Extension Proposal required a special resolution under Cayman Islands law, being the affirmative vote of at least a two-thirds majority of the votes cast by the holders of the issued and outstanding ordinary shares present in person or represented by proxy and entitled to vote thereon at the Extraordinary General Meeting. The Extension Proposal has been approved by the following votes:

 

For: 2,993,175

Against: 1,267,577

Abstain: 0

Broker Non-Votes: 0

 

1

 

 

Proposal No. 2 – Adjournment Proposal

 

To approve, by ordinary resolution, the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if there were insufficient votes to approve the Extension Proposal. The Adjournment Proposal received the following votes:

 

For: 2,993,175

Against: 1,267,577

Abstain: 0

Broker Non-Votes: 0

 

As disclosed in the Company’s Proxy Statement, the Adjournment Proposal would only be presented at the Extraordinary General Meeting if there were insufficient votes to approve the Extension Proposal. Although proxies were solicited and votes were tabulated with respect to the Adjournment Proposal, because the Extension Proposal received sufficient votes for approval, the Adjournment Proposal was not presented at the Extraordinary General Meeting and no action was taken with respect to such proposal.

 

Item 8.01 Other Events.

 

In connection with the shareholder votes at the Extraordinary General Meeting, holders of 1,507,257 ordinary shares of the Company properly exercised their right to redeem their shares for a pro rata portion of the funds held in the Trust Account.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

Exhibit No.

  Description
3.1   Amendment to the Amended and Restated Memorandum and Articles of Association of Flag Ship Acquisition Corporation.
10.1   Amendment No. 2 to the Investment Management Trust Agreement by and among Flag Ship Acquisition Corporation, Wilmington Trust, National Association and Vstock Transfer LLC.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Flag Ship Acquisition Corporation
     
Dated: June 17, 2026 By: /s/ Matthew Chen
  Name: Matthew Chen
  Title: Chief Executive Officer

 

3

 

Exhibit 3.1

 

FULL TEXT OF THE SPECIAL RESOLUTION

RELATING TO THE AMENDMENT OF THE

AMENDED AND RESTATED

MEMORANDUM AND ARTICLES OF ASSOCIATION

OF

FLAG SHIP ACQUISITION CORPORATION

 

RESOLVED, as a special resolution, that the Amended and Restated Memorandum and Articles of Association of Flag Ship Acquisition Corporation shall be amended by deleting Section 36.2 in its entirety and replacing it with the following:

 

36.2 In the event that the Company does not consummate its initial Business Combination by June 20, 2026 (the “Deadline”), the Company may, but is not obliged to, extend the period of time to consummate the Business Combination up to twelve (12) additional times, each by a period of one month (each, an “Extension”), to June 20, 2027 (the “Termination Date”), provided that if the Company exercises one or more Extensions, the Sponsor, or its designee or assignee, shall deposit additional funds into the Trust Account in accordance with the terms as set out in the trust agreement governing the Trust Account. In the event that the Company does not consummate a Business Combination by the Termination Date, such failure shall trigger an automatic redemption of the Public Shares (an “Automatic Redemption Event”) and the directors of the Company shall take all such action necessary (i) to cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but no more than ten (10) Business Days thereafter to redeem the Public Shares or distribute the Trust Account to the holders of Public Shares, on a pro rata basis, in cash at a per-share amount equal to the applicable Per-Share Redemption Price; and (iii) as promptly as reasonably possible following such Automatic Redemption Event, subject to the approval of our remaining Members and our directors, liquidate and dissolve the Company, subject to the Company’s obligations under the Act to provide for claims of creditors and the requirements of other applicable law. In the event of an Automatic Redemption Event, only the holders of Public Shares shall be entitled to receive pro rata redeeming distributions from the Trust Account with respect to their Public Shares.

 

 

 

Exhibit 10.1

 

AMENDMENT NO. 2 TO THE

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Amendment No. 2 (this “Amendment”), dated and effective as of June 12, 2026, to the Trust Agreement (as defined below) is made by and between Flag Ship Acquisition Corporation, a Cayman Islands exempted company (the “Company”), Wilmington Trust, National Association, a national banking association (the “Trustee”), and Vstock Transfer LLC. All terms used but not defined herein shall have the meanings assigned to them in the Trust Agreement.

 

WHEREAS, the Company and the Trustee entered into an Investment Management Trust Agreement, dated June 17, 2024 (the “Trust Agreement”); and

 

WHEREAS, at an extraordinary general meeting of the Company held on June 11, 2026, the Company’s shareholders approved a proposal to amend the Amended and Restated Memorandum and Articles of Association of the Company to extend the date by which the Company must consummate a business combination up to twelve (12) times from June 20, 2026 until June 20, 2027, with each extension comprised of a period of one (1) month.

 

NOW THEREFORE, IT IS AGREED:

 

1. The fifth WHEREAS clause in the preamble of the Trust Agreement is hereby amended and restated to read as follows:

 

“WHEREAS, as described in the Company’s Amended and Restated Memorandum and Articles of Association, as amended on June 11, 2026, the time period within which the Company must complete a business combination may be extended by additional increments of one month for up to a total of twelve (12) additional one-month periods, from June 20, 2026 until June 20, 2027, subject to the payment into the Trust Account by the Sponsor (or its designees or affiliates) of an amount equal to the lesser of (i) $60,000 for all outstanding Ordinary Share sold to Public Shareholders and (ii) $0.033 for each outstanding Ordinary Share sold to Public Shareholders, and which Extension Payments, if any, shall be added to the Trust Account.”

 

2. All capitalized terms appearing in this Amendment that are not specifically defined herein shall have the meanings ascribed to such terms in the Trust Agreement.

 

3. All other provisions of the Trust Agreement shall remain unaffected by the terms hereof.

 

4. This Amendment may be signed in any number of counterparts, each of which shall be deemed an original and all of which shall be deemed to be one and the same instrument, with the same effect as if the signatures thereto and hereto were upon the same instrument. A facsimile or electronic signature shall be deemed to be an original signature for purposes of this Amendment.

 

5. This Amendment is intended to be in full compliance with the requirements for an Amendment to the Trust Agreement as required by Section 6(c) of the Trust Agreement, and every defect in fulfilling such requirements for an effective amendment to the Trust Agreement is hereby ratified, intentionally waived and relinquished by all parties hereto.

 

6. This Amendment shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.

 

 

 

 

IN WITNESS WHEREOF, the parties have duly executed this Amendment to the Investment Management Trust Agreement as of the date first written above.

 

  COMPANY:
   
  FLAG SHIP ACQUISITION CORPORATION
   
  By: /s/ Matthew Chen
    Name: Matthew Chen
    Title: Chief Executive Officer
   
  TRUSTEE:
   
  Wilmington Trust, National Association, as Trustee
   
  By: /s/ Amy Kohr
    Name: Amy Kohr
    Title: Assistant Vice President
   
  TRANSFER AGENT:
   
  Vstock Transfer LLC
   
  By: /s/ Jenny Chen
    Name: Jenny Chen
    Title: Compliance Officer