Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 31

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 31
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 of the Adjournment Proposal requires 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. Accordingly, a shareholder’s failure to vote by proxy or vote in person online on the Adjournment Proposal means that such shareholder’s shares will not count towards the quorum requirement for the Extraordinary General Meeting and will not be voted. An abstention or broker non-vote will be counted towards the quorum requirement but will not count as a vote cast at the Extraordinary General Meeting.

Recommendation of the Board

<div align='center'>IF PRESENTED, OUR BOARD UNANIMOUSLY RECOMMENDS THAT OUR SHAREHOLDERS VOTE

“FOR” THE APPROVAL OF THE ADJOURNMENT PROPOSAL.

27

THE EXTRAORDINARY GENERAL MEETING</div>

Date, Time and Place.
The Extraordinary General Meeting of our shareholders will be held at 10:00 a.m. Eastern Time, on August 26, 2025, at 45 Broadway, 17
Floor, New York, NY 10006, or at such other time, on such other date and at such other place at which the meeting may be adjourned.

Voting Power; Record Date.
You will be entitled to vote or direct votes to be cast at the Extraordinary General Meeting, if you owned the Ordinary Shares at the
close of business on July 17, 2025, the record date for the Extraordinary General Meeting. You will have one vote per proposal for each
Ordinary Share you owned at that time. The rights do not carry voting rights.

On the record date of the Extraordinary General Meeting, there were
8,863,000 Ordinary Shares outstanding, consisting of 1,725,000 Founder Shares and 238,000 Private Shares. Such shares represent approximately
23% of our issued and outstanding Ordinary Shares. The Founder Shares and Private Shares carry voting rights in connection with the Extension
Fee Reduction Proposal, and we have been informed by our Sponsors that hold such shares that they intend to vote in favor of the Extension
Fee Reduction Proposal.

If you do not want the Extension Fee Reduction Proposal to be approved, you must vote “AGAINST” the proposal. If the Extension Fee Reduction Proposal is approved and you want to obtain your pro rata portion of the Trust Account, you must timely demand redemption of