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Flag Ship Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination. Lucid Capital Markets 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') under the ticker symbol 'FSHPU.' Each unit 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.
The offering is expected to close on Thursday, June 20, 2024. 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.
Flag Ship Acquisition (Nasdaq: FSHPU) has announced that holders of units from its initial public offering can start separate trading of the underlying securities from August 15, 2024. Each unit consists of one ordinary share and one right to receive one-tenth of a share upon the company's initial business combination.
The units will continue trading on Nasdaq as 'FSHPU', while separated shares and rights will trade under 'FSHP' and 'FSHPR' respectively. To separate units, holders must contact Vstock Transfer , the company's transfer agent.
The initial offering of 6,900,000 units was underwritten by Lucid Capital Markets. A registration statement for these securities (File Number 333-261028) was declared effective by the SEC on June 17, 2024.
Flag Ship Acquisition , a Cayman Islands exempt company, announced the pricing of its $60 million initial public offering (IPO) on June 18, 2024.
The IPO consists of 6,000,000 units at $10.00 per unit. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share after an initial business combination.
The units will trade on NASDAQ under the ticker symbol 'FSHPU' starting June 18, 2024. The ordinary shares and rights will trade separately under the symbols 'FSHP' and 'FSHPR' respectively after the separation of the units.
Lucid Capital Markets acted as the sole bookrunner for the offering, with Becker & Poliakoff LLP and Kramer Levin Naftalis & Frankel LLP serving as legal counsel. The offering is expected to close on June 20, 2024, subject to customary conditions.
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