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Flag Ship Acquisition Corporation ( (FSHP) ) just unveiled an announcement.
On August 30, 2024, Flag Ship Acquisition Corporation issued an unsecured, interest-free promissory note of up to $1,000,000 to Whale Management Corporation, with repayment due upon completion of its initial business combination or by December 31, 2025, and featuring customary default provisions. The note was subsequently amended on August 21, 2025 to increase the principal to $1,200,000, and then amended again on January 28, 2026 to raise the principal to $2,000,000 and extend the maturity to the earlier of December 31, 2026 or the completion of the business combination, signaling an expansion of short-term financing to support the company’s ongoing acquisition efforts while maintaining the note’s original terms aside from size and tenor.
More about Flag Ship Acquisition Corporation
Flag Ship Acquisition Corporation is a blank-check company formed to consummate an initial business combination, typically by merging with or acquiring an operating business, and finances its activities through promissory notes and other capital-raising structures prior to completing such a transaction.
Average Trading Volume: 1,938
Technical Sentiment Signal: Buy
Current Market Cap: $54.73M
Find detailed analytics on FSHP stock on TipRanks’ Stock Analysis page.