Company: FSHPU
Filing Date: 2025-04-22
Form Type: 8-K
Source: 0001829126-25-002833
Chunk: 2

Company: Flag Ship Acquisition Corp
Filing Date: 2025-04-22
Form: 8-K
Item: Item 1.01
Chunk 2
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 the PubCo
Class A Ordinary Shares on Nasdaq; (iii) receipt of all necessary approvals from the China Securities Regulatory Commission (the “ CSRC

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, instruments and other agreements as set forth in the Merger Agreement; (ii) the
accuracy of the representations and warranties of each party (subject to certain materiality standards set forth in the Merger Agreement);
(iii) material compliance by each party with its pre-closing covenants; and (iv) the absence of any effect, development, circumstance,
fact, change or event since the date of the Merger Agreement that, individually or in the aggregate, has had, or would reasonably be expected
to prevent or materially delay or materially impair the ability of PubCo or the Company to consummate the Merger or otherwise have a material
adverse effect on the Merger.

Termination

The
Merger Agreement may be terminated under certain circumstances at any time prior to the Effective Time, including, among others, by (i)
mutual written consent by the Company and PubCo, (ii) either party if the transactions contemplated by the Merger Agreement have not been
completed by December 31, 2025 (as such date may be extended pursuant to the Merger Agreement, the “ Outside Date

Governing
Law and Dispute Resolution

The
Merger Agreement is governed by Delaware law. Subject to limited exceptions, all claims relating to the Merger Agreement and the transactions
contemplated thereby will be subject to the exclusive jurisdiction of the Court of Chancery of the State of Delaware.

A
copy of the Merger Agreement is filed with this Current Report on Form 8-K (this “Report”) as Exhibit 2.1 and is incorporated
herein by reference. The foregoing description of the Merger Agreement does not purport to be complete and is subject to, and is qualified
in its entirety by, the full text of the Merger Agreement.

Related
Agreements

This
section describes the material provisions of certain additional agreements entered into or to be entered into pursuant to the Merger Agreement
(the “Related Agreements”) but does not purport to describe all of the terms thereof. The following summary is qualified
in its entirety by reference to the complete text of each of the