Company: FSHPU
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001829126-25-009060
Chunk: 21

Company: Flag Ship Acquisition Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 21
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 by reference.

<div align='center'>16

SHAREHOLDER PROPOSALS</div>

No business may be transacted
at any annual meeting other than business that is either (i) specified in the notice of the annual meeting (or any supplement thereto)
given by or at the direction of the directors of the Company or (ii) otherwise properly brought before the annual meeting in accordance
with the requirements set forth in our governing documents.

If we do not complete our
initial business combination and we hold an annual meeting next year, any proposals to be included in our proxy materials for such meeting
must be received by us no earlier than the close of business on August 20, 2026 and no later than the close of business on September 20, 2026 and must
otherwise comply with the rules of the Securities Exchange Act of 1934, as amended and our governing documents.

<div align='center'>17

PROXY SOLICITATION</div>

The solicitation of proxies is made on behalf of the Board and we will bear the cost
of soliciting proxies. The transfer agent and registrar for our shares, Vstock Transfer LLC, as a part of its regular services and for no additional compensation other than
reimbursement for out-of-pocket expenses, has been engaged to assist in the proxy
solicitation. Proxies may be solicited through the mail and through telephonic communications
to, or by meetings with, shareholders or their representatives by our directors, officers and other employees who will
receive no additional compensation therefor. We may also retain a proxy solicitation firm
to assist us in obtaining proxies by mail, facsimile or email from record and beneficial
holders of shares for the Annual Meeting. If we retain a proxy solicitation firm,
we expect to pay such firm reasonable and customary compensation for its services,
including out-of-pocket expenses.

We request persons such
as brokers, nominees and fiduciaries holding our shares in their names for others, or holding stock for others who have the right to
give voting instructions, to forward proxy materials to their principals and to request authority for the execution of the proxy. We
will reimburse such persons for their reasonable expenses.

<div align='center'>18

DELIVERY OF PROXY MATERIALS TO HOUSEHOLDS</div>

Only one copy of this
proxy statement is being delivered to multiple registered shareholders who share an address unless we have received contrary instructions
from one or more of the shareholders. A separate form of proxy and