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Flag Ship Acquisition Amends Promissory Note with Whale Management

Story Highlights
  • Flag Ship Acquisition Corporation amended a promissory note with Whale Management Corporation.
  • Shareholders redeemed 3,837,483 shares at $10.47 each during an Extraordinary General Meeting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Flag Ship Acquisition Amends Promissory Note with Whale Management

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Flag Ship Acquisition Corporation ( (FSHP) ) has shared an update.

On August 21, 2025, Flag Ship Acquisition Corporation amended a promissory note with Whale Management Corporation, increasing the principal amount from $1,000,000 to $1,200,000 while maintaining the original terms. This amendment, exempt from registration under the Securities Act of 1933, reflects the company’s financial maneuvering amid shareholder activities, as evidenced by the redemption of 3,837,483 ordinary shares at approximately $10.47 per share during an Extraordinary General Meeting.

More about Flag Ship Acquisition Corporation

Average Trading Volume: 13,204

Technical Sentiment Signal: Strong Buy

Current Market Cap: $93.06M

See more data about FSHP stock on TipRanks’ Stock Analysis page.

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