Flag Ship Acquisition Corp. Prices of $60M IPO

Flag Ship Acquisition Corporation, a Cayman Islands exempt company announced today that it priced its initial public offering of 6,000,000 units at $10.00 each.

The Company’s units are expected to be listed on NASDAQ Global Market (“NASDAQ”) and trade under the ticker symbol “FSHPU” beginning Tuesday, June 18, 2024. Each unit has an offering price of $10.00 and consists of one ordinary share and one right to receive one-tenth (1/10) of an ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the shares and rights are expected to be listed on NASDAQ under the symbols “FSHP”, and “FSHPR”, respectively.

Lucid Capital Markets, acted as the sole bookrunner for the offering. Becker & Poliakoff LLP acted as counsel to the Company and Kramer Levin Naftalis & Frankel LLP acted as counsel to the underwriter. The offering is expected to close on Thursday, June 20, 2024, subject to customary closing conditions.

About Flag Ship Acquisition Corporation

Flag Ship Acquisition Corporation is a blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.