Company: FSHPU
Filing Date: 2025-04-22
Form Type: 425
Source: 0001829126-25-002834
Chunk: 16

Company: Flag Ship Acquisition Corp
Filing Date: 2025-04-22
Form: 425
Chunk 16
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 Merger Star Limited                        |
| 104     |     | Cover                                                                                                                                                                                   
 Page Interactive Data File (embedded within the Inline XBRL document)                                                                                                                   |

| * | Certain exhibits and schedules,                                                                                                              
 have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company hereby undertakes to furnish a supplemental copy of the omitted  
 exhibits and schedules upon request by the SEC; provided, however, that the Company may request confidential treatment for any such exhibits 
 or schedules so furnished.                                                                                                                   |

<div align='center'>9

SIGNATURES</div>

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

| Dated:         
 April 22, 2025 | Flag                         
 Ship Acquisition Corporation 
 By:                          | /s/               
 Matthew Chen      |
|:---------------|:-----------------------------|:------------------|
|                | Name:                        | Matthew           
 Chen              |
|                | Title:                       | Chief             
 Executive Officer |

<div align='center'>10</div>