Company: FSHPU
Filing Date: 2025-04-22
Form Type: 425
Source: 0001829126-25-002834
Chunk: 5

Company: Flag Ship Acquisition Corp
Filing Date: 2025-04-22
Form: 425
Chunk 5
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 Proxy Statement, the Company must seek from its shareholders (i) approval of the Merger Agreement, (ii) the adoption and approval of the Merger Documents, including the Plan of Merger, (iii) approval to obtain any and all other approvals necessary or advisable to effect the consummation of the Merger (the proposals set forth in the foregoing clauses (i) through (iii) are referred to as the “ Company Proposals”), and (iv) any proposal to adjourn or postpone the meeting to a later date, if there are not sufficient votes for the approval of the Company Proposals, on the date on which such meeting is held. The Company agreed, through its board of directors, to recommend that the Company Shareholders vote in favor of all Company Proposals, and not withdraw or modify such recommendation prior to termination of the Merger Agreement.

From the date of execution of the Merger Agreement through the Closing, the Company shall use all reasonable efforts to remain as a public company on, and for its securities to be tradable over the Nasdaq Global Market. PubCo shall use all reasonable efforts to apply for a listing of the PubCo Class A Ordinary Shares on, and for PubCo Class A Ordinary Shares to be tradable over, the Nasdaq Stock Market.

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Conditions to Consummation of the Merger

Consummation of the transactions contemplated by the Merger Agreement is subject to the satisfaction or waiver by the respective parties of a number of conditions, including the approval of the Merger Agreement and the transactions contemplated thereby by PubCo’s and the Company’s respective shareholders. Other closing conditions include, among others: (i) the receipt of necessary consents, approvals and authorizations, including but not limited to, regulatory approval by Nasdaq and the Securities and Exchange Commission; (ii) the trading of the PubCo Class A Ordinary Shares on Nasdaq; (iii) receipt of all necessary approvals from the China Securities Regulatory Commission (the “ CSRC”) in connection with the transaction; (iv) the absence of any law or governmental order enjoining, prohibiting or making illegal the consummation of the Merger; and (v) effectiveness of the Registration Statement of F-4 in accordance with the Securities Act of 1933, as amended.

In addition, the obligations of PubCo and Company to consummate the Merger are also conditioned upon, among other things: (i) the receipt by each of PubCo and the Company of the certificates