Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 9

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 9
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, if and to the extent approved at the Extraordinary General Meeting, will become operative for the monthly extension fee beginning on the 20 of the first month following the approval of the Amended Monthly Extension Fee at the Extraordinary General Meeting and the 20 of each succeeding month until June 20, 2026.

In connection with the Extension
Fee Reduction Proposal, holders of outstanding ordinary shares, par value $0.001 per share (the “Ordinary Shares”) initially
issued as part of units sold in the our initial public offering (the “IPO”, such units the “Public Units” and
such Ordinary Shares the “Public Shares”, holders thereof the “Public Shareholders”) may elect to redeem their
Public Shares for a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account established in
connection with the IPO (the “Trust Account”), including interest earned (net of taxes paid or payable), divided by the number
of the then outstanding Public Shares, and which election we refer to as an “Election.” An Election can be made regardless
of whether such Public Shareholders vote “FOR” or “AGAINST” the Extension Fee Reduction Proposal or do not vote
at all, or do not instruct their broker or bank how to vote, at the Extraordinary General Meeting. The Public Shareholders may make an
Election regardless of whether such Public Shareholders were holders as of the record date for the Extraordinary General Meeting. Public
shareholders who do not make the Election would be entitled to have their shares automatically redeemed for cash if we have not completed
our initial business combination by the expiration of the Combination Period (as it may be extended).

WE ARE NOT ASKING YOU TO VOTE ON OUR BUSINESS COMBINATION AT THIS TIME.

If the Extension Fee Reduction Proposal is approved and you do not elect to redeem your Public Shares now, you will retain the right to vote on the business combination when it is submitted to shareholders, and the right to redeem your Public Shares into a pro rata portion of the 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 such may be extended). If the Extension Fee Reduction Proposal is not approved, we may not be able to consummate our business combination. We urge you to vote