Company: FSHPU
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001829126-25-005698
Chunk: 62

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 62
---
 of unaudited statement of operations

    For the six months ended June 30, 2025

    For the six months ended June 30, 2024

    Net income (loss)
     
    $
    1,167,324 

    $
    (55,864
    )

    12

FLAG SHIP ACQUISITION CORPORATION

NOTES TO UNAUDITED FINANCIAL STATEMENTS

        For the three months ended June 30,
        2025

    For the three months ended June 30, 2024

    Net income
     
    $
    589,626

    $
    19,924

    Schedule of Basic and dilute net income per share

    For the Six Months Ended

    For the Six Months Ended

    June 30, 2025

    June 30, 2024

    Redeemable

    Non-Redeemable

    Redeemable

    Non-Redeemable

    Ordinary Share

    Ordinary Share

    Ordinary Share

    Ordinary Share

    Basic and diluted net income (loss) per share:

    Numerators:

    Allocation of net income (loss) including carrying value to redemption value
     
    $
    908,782

    $
    258,542

    $
    (10,003
    )
     
    $
    (45,861
    )
  
    Allocation of net income (loss)
     
    $
    908,782

    $
    258,542

    $
    (10,003
    )
     
    $
    (45,861
    )
  
    Denominators:

    Weighted-average shares outstanding

    6,900,000

    1,963,000

    379,121

    1,738,077

    Basic and diluted net income (loss) per share
     
    $
    0.13

    $
    0.13

    $
    (0.03
    )
     
    $
    (0.03
    )

    For the Three Months Ended

    For the Three Months Ended

    June 30, 2025

    June 30, 2024

    Redeemable

    Non-Redeemable

    Redeemable

    Non-Redeemable

    Ordinary Share

    Ordinary Share

    Ordinary Share