Company: FSHPU
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001829126-25-005363
Chunk: 9

Company: Flag Ship Acquisition Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 9
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 value $0.001 per share (the “Ordinary Shares”) initially issued as part of units sold in the our initial public offering (the “IPO”, such units the “Public Units” and such Ordinary Shares the “Public Shares”, holders thereof the “Public Shareholders”) may elect to redeem their Public Shares for a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes paid or payable), divided by the number of the then outstanding Public Shares, and which election we refer to as an “Election.” An Election can be made regardless of whether such Public Shareholders vote “FOR” or “AGAINST” the Extension Fee Reduction Proposal or do not vote at all, or do not instruct their broker or bank how to vote, at the Extraordinary General Meeting. The Public Shareholders may make an Election regardless of whether such Public Shareholders were holders as of the record date for the Extraordinary General Meeting. Public shareholders who do not make the Election would be entitled to have their shares automatically redeemed for cash if we have not completed our initial business combination by the expiration of the Combination Period (as it may be extended).

WE ARE NOT ASKING YOU TO VOTE ON OUR BUSINESS COMBINATION AT THIS TIME.

If the Extension Fee Reduction Proposal is implemented and you do not elect to redeem your Public Shares now, you will retain the right to vote on the business combination when it is submitted to shareholders, and the right to redeem your Public Shares into a pro rata portion of the Trust Account in the event the business combination is approved and completed (as long as your election is made in accordance with the Articles prior to the meeting at which the shareholders’ vote is sought) or the Company has not consummated a business combination by the expiration of the Combination Period (as such may be extended). If the Extension Fee Reduction Proposal is not approved, we may not be able to consummate our business combination. We urge you to vote at the Extraordinary General Meeting regarding the Extension Fee Reduction Proposal.

Based upon the amount in the Trust Account as of July 17, 2025, which was approximately $72,281,179.39, we anticipate that the per-share price at which Public Shares will be redeemed from cash held in the Trust Account will be approximately $[__] at the time of the Extraordinary General Meeting. The closing price of the Company’s Ordinary Shares on the record date was $10.47. Accordingly, if the market