Flag Ship Acquisition Corp. (FSHP)

Flag Ship Acquisition Corp. is a special purpose acquisition company, or blank-check company. It was formed to raise capital in an initial public offering and then complete a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses.

The company has no operations of its own; offering proceeds are typically held in a trust account until a deal is completed or the company is liquidated, and shareholders generally may redeem their shares when a business combination is put to a vote. Its ordinary shares trade on the Nasdaq.