Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 14

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 14
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 Trust Account in the event the business combination is         
 approved and completed (as long as your election is made in accordance with the Articles prior to the meeting at which the shareholders’ 
 vote is sought) or the Company has not consummated a business combination by the expiration of the Combination Period (as it may         
 be extended). If the Extension Fee Reduction Proposal is not approved, we may not be able to consummate a business combination. We       
 urge you to vote at the Extraordinary General Meeting regarding the Extension Fee Reduction Proposal.                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

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| Q.                                                            
 Why should I vote “FOR” the Extension Fee Reduction Proposal? |     | Accordingly, our Board is proposing the Extension Fee Reduction Proposal to amend the monthly fee (the “Monthly Extension Fee”) payable by our sponsor (“Sponsor”) and/or its designee into the Trust Account (as defined below) to provide an incentive to the Sponsor to fund the Monthly Extension Fee required for the Monthly Extensions that may be required for the Company to consummate its initial business combination (the “Combination Period”) from $0.033 per Public Share (for each monthly extension) to an amount equal to the lesser of (i) $60,000 for all outstanding Public Shares and (ii) $0.033 for each outstanding Public Share (the “Amended Monthly Extension Fee”). Accordingly, the Board believes that Proposal 1 is necessary in order to be able to consummate an initial business combination. Therefore, the Board has determined that it is in the best interests of our shareholders to approve Proposal 1 to incentivize the Sponsor to fund such Monthly Extension Fee and provide such Monthly Extensions as may be required for us to complete an initial business combination by or before June 20, 2026 which will provide our shareholders with the opportunity to participate in an initial business combination. 
 YOU ARE NOT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 BEING ASKED TO VOTE ON THE BUSINESS COMBINATION AT THIS TIME. IF THE EXTENSION FEE REDUCTION PROPOSAL IS APPROVED AND YOU DO                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 NOT MAKE AN ELECTION, YOU WILL RETAIN THE RIGHT TO VOTE ON THE BUSINESS COMBINATION WITH GFT WHEN IT IS SUBMITTED TO SHAREHOLDERS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 AND THE RIGHT TO REDEEM YOUR PUBLIC SHARES