Company: FSHPU
Filing Date: 2025-12-12
Form Type: 425
Source: 0001829126-25-009931
Chunk: 1

Company: Flag Ship Acquisition Corp
Filing Date: 2025-12-12
Form: 425
Chunk 1
---
 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. |

As previously disclosed, on April 18, 2025, Flag
Ship Acquisition Corporation (“Flag Ship” or the “Company”) entered into an Agreement
and Plan of Merger (the “Merger Agreement”) with Great Future Technology Inc., a Cayman Islands exempted company
limited by shares (“GFT”) and GFT Merger Sub Limited, a Cayman Islands exempted company limited by shares and
a wholly-owned subsidiary of GFT (“Merger Sub”), pursuant to which
Flag Ship will merge with and into Merger Sub, with Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of GFT.

On December 11, 2025, Flag Ship, GFT and Merger
Sub entered into the first amendment to the Merger Agreement (the “First Amendment”) solely to amend Section
10.01 of the Merger Agreement to extend the Outside Date defined thereunder from December 31, 2025 to June 30, 2026.

The foregoing description of the First Amendment
does not purport to be complete and is qualified in its entirety by the terms and conditions of the First Amendment, a copy of which is
attached hereto as Exhibit 2.1 and is incorporated herein by reference.

<div align='center'>IMPORTANT NOTICES</div>

ADDITIONAL INFORMATION AND WHERE TO FIND IT

This Current Report on Form 8-K (this “Report”)
is being made in respect of a proposed business combination involving Great Future Technology Inc. (“GFT” or “Parent”)
and Flag Ship Acquisition Corporation (the “Company