FSHP · Flag Ship Acquisition Corp
Substantial doubt about the company's ability to continue as a going concern.
“management has determined that if the Company is unsuccessful in consummating an initial business combination within the prescribed period of time from the closing of the IPO, the requirement that the Company cease all operations, redeem the public shares and thereafter liquidate and dissolve raises substantial doubt about the ability to continue as a going concern within one year after the date that the unaudited financial statements are issued.”View the 10-Q filed Jun 5, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2024-06-20 | Whale Management Corp |
10% Owner |
Buy↑
Filing footnotes — Ordinary shares, $0.001 par value (Direct)
The reporting person acquired 330,000 units, at a purchase price of $10 per unit, each unit consisting of one ordinary share, and one right to receive one-tenth (1/10th) of one ordinary. |
Ordinary shares, $0.001 par value
|
238,000 |
| 2024-06-20 | Whale Management Corp |
10% Owner |
Buy↑
Filing footnotes — Rights to receive ordinary shares (Direct)
Each holder of a right will receive one-tenth (1/10) of an ordinary share upon consummation of the registrant's initial business combination. The reporting person acquired 330,000 units, at a purchase price of $10 per unit, each unit consisting of one ordinary share, and one right to receive one-tenth (1/10th) of one ordinary. The rights will expire upon liquidation if the registrant is unable to complete an initial business combination within the required time period as described in the registrant's prospectus filed with the SEC. |
Rights to receive ordinary shares
|
238,000 |
| 2024-06-17 | He Wen |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2024-06-17 | Luhuan Zhong |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2024-06-17 | Shan Cui |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2024-06-17 | Pai Liu |
Director |
Other↑
|
No Securities Owned
|
0 |