Company: FSHPU
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001829126-25-001450
Chunk: 1094

Company: Flag Ship Acquisition Corp
Filing Date: 2025-03-04
Form: 10-K
Item: Item 9B
Chunk 1094
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 persons named in the table have sole voting and investment power with respect to all ordinary shares beneficially owned by them.

In the table below, the percentage
ownership is based on 8,863,000 ordinary shares (which includes ordinary shares that are underlying the units) issued and outstanding
as of March 3, 2025. The following table does not reflect record of beneficial ownership of any ordinary shares issuable upon conversion
of rights as the rights are not convertible within 60 days of this Report.

    Name and Address of Beneficial Owner(1)

        Amount
        andNature ofBeneficial
        Ownership(3)

    Approximate Percentage of Outstanding Ordinary Shares(3)

    Sponsor, directors and officers

    Whale Management Corporation(2)

    1,963,000

    22.15
    %
  
    Matthew Chen(2)

    1,963,000

    22.15
    %
  
    Luhuan Zhong(3)

    -

    -

    Pai Liu(3)

    -

    -

    Shan Cui(3)

    -

    -

    Wen He(3)

    -

    -

    All directors and officers as a group (five individuals)

    1,963,000

    22.15
    %

    Other 5% or greater beneficial owners

    TD Securities (USA) LLC(4)

    577,270

    6.5
    %
  
    Mizuho Financial Group, Inc.(5)

    657,500

    7.4
    %
  
    Wolverine Asset Management LLC(6)

    464,603

    5.24
    %
  
    First Trust Merger Arbitrage Fund(7)

    556,295

    6.28
    %
  
    First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC.(8)

    642,263

    7.25
    %
  
    Cowen and Company, LLC.(9)

    543,055

    6.1
    %
  
    Karpus Investment Management.(10)

    902.150

    10.18
    %

    (1)
    Unless otherwise indicated, the business address of each of the individuals is 26 Broadway, Suite 934, New York, NY 10004.
  
    (2)
    Represents 1,725,000 founder ordinary