Company: FSHPU
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001829126-25-009060
Chunk: 3

Company: Flag Ship Acquisition Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 3
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 proxy
statement carefully. If you have any questions or need assistance voting your shares, please call Mr. Matthew Chen, our Chief Executive Officer, at (646) 362-0256, or our transfer agent, Vstock Transfer LLC at .

| By Order of the Board of Directors, |
| /s/ Matthew Chen                    |
| Chairman of the Board of Directors  |

New York, NY

<div align='center'>TABLE OF CONTENTS</div>

|                                                                |     | Page |
| QUESTIONS AND ANSWERS                                          |     |    1 |
| THE DIRECTOR ELECTION PROPOSAL                                 |     |    5 |
| THE AUDITOR RATIFICATION PROPOSAL                              |     |    7 |
| THE ADJOURNMENT PROPOSAL                                       |     |    9 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT |     |   10 |
| CORPORATE GOVERNANCE                                           |     |   12 |
| REPORT OF THE AUDIT COMMITTEE                                  |     |   15 |
| EXECUTIVE COMPENSATION                                         |     |   16 |
| STOCKHOLDER PROPOSALS                                          |     |   17 |
| PROXY SOLICITATION                                             |     |   18 |
| DELIVERY OF PROXY MATERIALS TO HOUSEHOLDS                      |     |   19 |

<div align='center'>i

QUESTIONS AND ANSWERS</div>

The following questions and answers briefly address some commonly asked questions about the proposals to be presented at the Annual Meeting. The following questions and answers do not include all the information that is important to our shareholders. We urge shareholders to read carefully this entire proxy statement, including the annexes and the other documents referred to herein.

| Q: | Why did I receive this proxy statement? |

| Q: | What is being voted on at the Annual Meeting? |

| A: | Our Board is soliciting your vote for the following proposals 
 to be voted on at the Annual Meeting:                         |

| ● | The Director Election Proposal — To                                                                                                   
 consider and vote upon a proposal to elect four directors to serve as members of the Board of Directors to hold office until the next 
 annual meeting of shareholders or until their respective successors have been elected and qualified;                                  |

| ● | The Adjournment Proposal — To                                                                                                                  
 approve the adjournment of the Annual Meeting to a later date or dates, if necessary, to permit further solicitation and vote of