Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 28

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 28
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 unable to meet the deadline for tendering their shares before exercising their redemption rights and thus will be unable to redeem their shares.

Certificates that have not been tendered in accordance with these procedures prior to the vote for the Extension Fee Reduction Proposal will not be redeemed for a pro rata portion of the funds held in the Trust Account. In the event that a Public Shareholder tenders such holder’s shares and decides prior to the vote at the Extraordinary General Meeting that it does not want to redeem its shares, the shareholder may withdraw the tender. If you delivered your shares for redemption to our Transfer Agent and decide prior to the vote at the Extraordinary General Meeting not to redeem your shares, you may request that our Transfer Agent return the shares (physically or electronically). You may make such request by contacting our Transfer Agent at the address listed above. In the event that a Public Shareholder tenders shares and the Extension Fee Reduction Proposal is not approved or is abandoned, these shares will not be redeemed and the physical certificates representing these shares will be returned to the shareholder promptly following the determination that the Extension Fee Reduction Proposal will not be approved or will be abandoned. The Company anticipates that a Public Shareholder who tenders shares for redemption in connection with the vote to approve the Extension Fee Reduction Proposal would receive payment of the redemption price for such shares soon after the completion of the Extension Fee Reduction Proposal. The Transfer Agent will hold the certificates of Public Shareholders that make the Election until such shares are redeemed for cash or returned to such shareholders.

If properly demanded, the Company will redeem each Public Share for
a pro rata portion of the funds available in the Trust Account, including interest earned on the funds held in the Trust Account and not
previously released to the Company to pay taxes, less any income taxes owed on such funds but not yet paid, calculated as of two (2) business
days prior to the Extraordinary General Meeting. Based on the amount in the Trust Account as of the Record Date of $72,281,179.39, this
would amount to approximately $10.47 per share. The closing price of the Public Shares on the Nasdaq on the Record Date was $10.46. Accordingly,
if the market price were to remain the same until the date of the Extraordinary General Meeting, exercising redemption rights would result
in a Public Shareholder receiving approximately $0.01 more per share than if such shareholder sold the Public Shares in the open market.
The Company cannot assure Public Shareholders that they will be