Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 12

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 12
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 result of their ownership of Founder Shares or the Ordinary Shares included in the Private Units (the “Private Shares”).

The Adjournment Proposal,
if adopted, will allow our Chairman of the Board to adjourn the Extraordinary General Meeting to a later date or dates if necessary to
permit the further solicitation and vote of proxies if there are not sufficient votes to approve Proposal 1 at the Extraordinary General
Meeting.

The approval of the Extension
Fee Reduction Proposal requires an ordinary resolution under the Amended Articles, being a resolution passed by a simple majority of the
votes cast by the shareholders who, being present in person (including virtually) or by proxy and entitled to vote at the Extraordinary
General Meeting, vote at the Extraordinary General Meeting.

The approval of the Adjournment
Proposal requires an ordinary resolution under the Amended Articles, being a resolution passed by a simple majority of the votes cast
by the shareholders who, being present in person or by proxy and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary
General Meeting.

Our Board has fixed the close
of business on July 17, 2025, as the record date for determining the shareholders entitled to receive notice of and vote at the Extraordinary
General Meeting and any adjournment thereof. Only holders of record of the Ordinary Shares on that date are entitled to have their votes
counted at the Extraordinary General Meeting or any adjournment thereof

This Proxy Statement contains important information about the Extraordinary General Meeting and the proposals. Please read it carefully and vote your shares.

We will pay for the entire cost of soliciting proxies. We have engaged Advantage Proxy, Inc. (the “Proxy Solicitor”), to assist in the solicitation of proxies for the Extraordinary General Meeting. We have agreed to pay the Proxy Solicitor a fee of $8,500. We will also reimburse the Proxy Solicitor for reasonable out-of-pocket expenses and will indemnify the Proxy Solicitor and its affiliates against certain claims, liabilities, losses, damages and expenses. In addition to these mailed proxy materials, our directors and officers may also solicit proxies in person, by telephone or by other means of communication. These parties will not be paid any additional compensation for soliciting proxies. We may also reimburse brokerage firms, banks and other agents for the cost of forwarding proxy materials to beneficial owners.

This Proxy Statement is dated
August 5, 2025 and is first being mailed to shareholders on or about that date.

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