Company: FSHPU
Filing Date: 2025-04-22
Form Type: 8-K
Source: 0001829126-25-002833
Chunk: 0

Company: Flag Ship Acquisition Corp
Filing Date: 2025-04-22
Form: 8-K
Item: Item 1.01
Chunk 0
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Item       Entry                                  

As
previously disclosed, on October 21, 2024, Flag Ship Acquisition Corporation (“ Flag Ship Company GRT Merger Agreement GRT GRT Merger Sub Termination
Agreement

Merger
Agreement

On
April 18, 2025, Flag Ship entered into an Agreement and Plan of Merger (the “ Merger Agreement PubCo Parent Merger
Sub

Pursuant
to the Merger Agreement, among other things, the Company will merge with and into Merger Sub (the “ Merger Surviving Company Plan of Merger Merger Documents Effective Time

At
the Effective Time, by virtue of the Merger and without any action of the part of the Company, Merger Sub or any other Person: (i) each
of the Company’s ordinary shares (the “ Company Shares PubCo Class A Ordinary Shares Per
Share Merger Consideration th Company Right multiplied Company Rights Holder Rights Merger Consideration

For
purposes of this Item 1.01, the term “ Excluded Shares Dissenting Shares

Merger
Consideration

The
aggregate consideration payable to pursuant to the Merger Agreement to the shareholders of the Company (“ Company Shareholders

Indemnification
Obligations

PubCo
is obligated to cause all rights to indemnification and advancement of expenses and all limitations on liability existing in favor of
any employee, officer or director of the Company to survive the consummation of the transactions contemplated in the Merger Agreement
and continue in full force and effect and be honored by the Surviving Company and PubCo after the Effective Time.

Representation
and Warranties

Under
the Merger Agreement, PubCo and the Merger Sub (collectively, the “ Group Companies

The
assertions embodied in those representations and warranties were made for purposes of the Merger Agreement and are subject to important
qualifications and limitations agreed to by the parties in connection with negotiating such agreement. The representations and warranties
in the Merger Agreement are also modified in important part by the disclosure schedules and annexes attached thereto, which are not filed
publicly and which may be subject to contractual standards of materiality or material adverse effect applicable to the contracting parties
that differ from what may be viewed as material to investors. The representations and warranties in the Merger Agreement and the items
listed in the disclosure schedules were used for the purpose of allocating risk among the parties rather than establishing matters as
facts.