Flag Ship Acquisition Corporation Announces IPO Pricing Details

Flag Ship Acquisition Corporation, a company based in the Cayman Islands, has revealed details about its upcoming initial public offering (IPO). The company has priced 6,000,000 units at $10.00 per unit for its IPO. These units will be listed on the NASDAQ Global Market under the ticker symbol 'FSHPU' starting June 18, 2024.

Each unit, priced at $10.00, consists of one ordinary share and one right to receive one-tenth of an ordinary share upon the completion of an initial business combination. After separate trading begins, the shares and rights will be listed on NASDAQ under the symbols 'FSHP' and 'FSHPR', respectively.

The IPO is being managed by Lucid Capital Markets as the sole bookrunner and is expected to close on June 20, 2024, subject to customary closing conditions. Flag Ship Acquisition Corporation, a blank check company, aims to facilitate mergers, stock exchanges, acquisitions, or similar business combinations with other entities.

The Securities and Exchange Commission declared the registration statement on form S-1, related to these securities, effective on June 17, 2024. Interested parties can obtain copies of the prospectus by contacting Lucid Capital Markets in New York. It is important to note that the offering is made solely through the prospectus to avoid unlawful offers or sales in certain jurisdictions.

Forward-looking statements included in the press release highlight potential risks and uncertainties associated with the Company's IPO. The Company emphasizes that it is not obligated to update these statements to reflect changes in expectations or circumstances. For further information, individuals can contact Matthew Chen, the Chief Executive Officer, using the provided contact details.

Flag Ship Acquisition Corporation's IPO pricing announcement marks a significant step in the company's journey towards potential business combinations. Investors and interested parties should carefully review the prospectus and consider the risks and opportunities associated with this offering. Stay tuned for more updates as the IPO progresses.