Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 52

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 52
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 general authorization hereby given, said proxies are, and each of them is, instructed
to vote or act as follows on the proposals set forth in the accompanying proxy statement.

THIS PROXY, WHEN EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED “FOR” THE EXTENSION FEE REDUCTION PROPOSAL (PROPOSAL 1), AND “FOR” THE ADJOURNMENT PROPOSAL (PROPOSAL 2), IF PRESENTED.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” ALL PROPOSALS.

Important Notice Regarding the Availability of Proxy Materials for the Extraordinary General Meeting to be held on August 26, 2025:The notice of meeting
and the accompany proxy statement are available at www.sec.gov.

| Proposal 1 — Extension Fee Reduction Proposal                                                                                       |     | FOR |     | AGAINST |     | ABSTAIN |
| Consider                                                                                                                            
 and vote on a proposal to amend the monthly fee (the “Monthly Extension Fee”) payable by our sponsor (“Sponsor”)                    
 and/or its designee into the Trust Account to extend the date by which the Company must consummate its initial business combination 
 (the “Combination Period”) from $0.033 per share (for each monthly extension) to an amount equal to the lesser of (i)               
 $60,000 for all outstanding Public Shares and (ii) $0.033 for each outstanding Public Share (the “Amended Monthly Extension         
 Fee”). The first Monthly Extension Fee must be made by September 20, 2025, while the subsequent Monthly Extension Fees must         
 be deposited into the Trust Account by the 20th of each succeeding month until June 20, 2026.                                       |     | ☐   |     | ☐       |     | ☐       |

| Proposal 2 — Adjournment Proposal                                                                                                      |     | FOR |     | AGAINST |     | ABSTAIN |
| Approve the adjournment of the extraordinary general meeting to a later date or dates, if the Chairman determines that additional time 
 is necessary or appropriate to permit further solicitation and vote of proxies to approve the Extension Fee Reduction Proposal.        |     | ☐   |     | ☐       |     | ☐       |

| Dated: ____________________, 2025 |

| Stockholder’s Signature |
| Stockholder’s Signature