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Flag Ship Acquisition Corporation Announces the Separate Trading of its Ordinary Shares and Rights

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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 (Nasdaq: FSHPU) ha annunciato che i possessori di unità della sua offerta pubblica iniziale possono iniziarsi a scambiare separatamente i titoli sottostanti a partire dal 15 agosto 2024. Ogni unità è composta da un'azione ordinaria e un diritto di ricevere un decimo di azione al momento della combinazione aziendale iniziale della società.

Le unità continueranno a essere scambiate su Nasdaq come 'FSHPU', mentre le azioni e i diritti separati saranno scambiati rispettivamente sotto 'FSHP' e 'FSHPR'. Per separare le unità, i possessori devono contattare Vstock Transfer, l'agente di trasferimento della società.

L'offerta iniziale di 6.900.000 unità è stata sottoscritta da Lucid Capital Markets. Una dichiarazione di registrazione per questi titoli (Numero di File 333-261028) è stata dichiarata efficace dalla SEC il 17 giugno 2024.

Flag Ship Acquisition (Nasdaq: FSHPU) ha anunciado que los titulares de unidades de su oferta pública inicial pueden comenzar a negociar por separado los valores subyacentes a partir del 15 de agosto de 2024. Cada unidad consta de una acción ordinaria y un derecho a recibir una décima de acción tras la combinación empresarial inicial de la compañía.

Las unidades continuarán negociándose en Nasdaq como 'FSHPU', mientras que las acciones y derechos separados se negociarán bajo 'FSHP' y 'FSHPR', respectivamente. Para separar las unidades, los titulares deben contactar a Vstock Transfer, el agente de transferencia de la empresa.

La oferta inicial de 6.900.000 unidades fue suscrita por Lucid Capital Markets. Una declaración de registro para estos valores (Número de Archivo 333-261028) fue declarada efectiva por la SEC el 17 de junio de 2024.

Flag Ship Acquisition (Nasdaq: FSHPU)는 초기 공모에서 유닛 보유자가 2024년 8월 15일부터 기본 증권을 개별적으로 거래할 수 있다고 발표했습니다. 각 유닛은 한 주식과 회사의 최초 사업 조합 시 1/10주를 받을 수 있는 권리로 구성됩니다.

유닛은 'FSHPU'로 나스닥에서 계속 거래되며, 분리된 주식과 권리는 각각 'FSHP'와 'FSHPR'로 거래됩니다. 유닛을 분리하려면 보유자는 회사의 이전 에이전트인 Vstock Transfer에 연락해야 합니다.

6,900,000개의 유닛으로 이루어진 초기 제안은 Lucid Capital Markets에 의해 인수되었습니다. 이러한 증권에 대한 등록 설명서(파일 번호 333-261028)는 2024년 6월 17일 SEC에 의해 유효하다고 선언되었습니다.

Flag Ship Acquisition (Nasdaq: FSHPU) a annoncé que les détenteurs d'unités de son offre publique initiale peuvent commencer à négocier séparément les titres sous-jacents à partir du 15 août 2024. Chaque unité se compose d'une action ordinaire et d'un droit de recevoir un dixième d'une action lors de la première combinaison d'affaires de la société.

Les unités continueront à être négociées sur Nasdaq sous 'FSHPU', tandis que les actions et droits séparés seront négociés respectivement sous 'FSHP' et 'FSHPR'. Pour séparer les unités, les détenteurs doivent contacter Vstock Transfer, l'agent de transfert de la société.

L'offre initiale de 6.900.000 unités a été souscrite par Lucid Capital Markets. Une déclaration d'enregistrement pour ces titres (Numéro de dossier 333-261028) a été déclarée effective par la SEC le 17 juin 2024.

Flag Ship Acquisition (Nasdaq: FSHPU) hat bekannt gegeben, dass Inhaber von Einheiten aus ihrem Börsengang ab dem 15. August 2024 mit dem separaten Handel der zugrunde liegenden Wertpapiere beginnen können. Jede Einheit besteht aus einer Stammaktie und einem Recht auf den Erhalt eines Zehntels einer Aktie im Rahmen der ersten Unternehmenszusammenführung der Gesellschaft.

Die Einheiten werden weiterhin an der Nasdaq unter 'FSHPU' gehandelt, während die separierten Aktien und Rechte unter 'FSHP' und 'FSHPR' gehandelt werden. Um die Einheiten zu trennen, müssen die Inhaber Vstock Transfer, den Übertragungsvertreter des Unternehmens, kontaktieren.

Das ursprüngliche Angebot von 6.900.000 Einheiten wurde von Lucid Capital Markets gezeichnet. Eine Registrierungserklärung für diese Wertpapiere (Aktennummer 333-261028) wurde am 17. Juni 2024 von der SEC für wirksam erklärt.

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NEW YORK, Aug. 12, 2024 /PRNewswire/ -- Flag Ship Acquisition Corporation (Nasdaq: FSHPU) (the "Company") announced today that, commencing Thursday, August 15, 2024, holders of the units sold in the Company's initial public offering of 6,900,000 units ("Units") may commence separate trading of the underlying component securities. Each Unit consists of one ordinary share, par value $0.001 per ordinary share ("Share"), and one right to receive one-tenth (1/10) of one Share upon the consummation of the Company's initial business combination ("Right"). Those units not separated will continue to trade on the Nasdaq Global Market ("Nasdaq") under the symbol "FSHPU."

The Share and the Right that are separated will trade on Nasdaq under the symbols "FSHP" and "FSHPR" respectively. Holders of units will need to have their securities brokers contact Vstock Transfer LLC at 18 Lafayette Place, Woodmere, New York 11598, the Company's transfer agent, in order to separate the Units into Shares and Rights.

The Units were initially offered by the Company in an underwritten offering through Lucid Capital Markets, which acted as the sole book runner for the offering and as the representative of the underwriters in the offering. A registration statement on form S-1 relating to these securities (Sec File Number 333-261028) was declared effective by the Securities and Exchange Commission on June 17, 2024. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

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.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information, please contact:
Matthew Chen | Chief Executive Officer
Phone: (212) 884-2667
Email: mchen@flagshipac.com 

Cision View original content:https://www.prnewswire.com/news-releases/flag-ship-acquisition-corporation-announces-the-separate-trading-of-its-ordinary-shares-and-rights-302219362.html

SOURCE Flag Ship Acquisition Corporation

FAQ

When will Flag Ship Acquisition (FSHPU) allow separate trading of its shares and rights?

Flag Ship Acquisition will allow separate trading of its shares and rights starting August 15, 2024.

What are the new trading symbols for Flag Ship Acquisition 's (FSHPU) separated securities?

The separated shares will trade under the symbol 'FSHP' and the rights will trade under 'FSHPR' on Nasdaq.

How many units were sold in Flag Ship Acquisition 's (FSHPU) initial public offering?

Flag Ship Acquisition sold 6,900,000 units in its initial public offering.

What does each unit of Flag Ship Acquisition (FSHPU) consist of?

Each unit consists of one ordinary share and one right to receive one-tenth of a share upon the company's initial business combination.

Who was the underwriter for Flag Ship Acquisition 's (FSHPU) initial public offering?

Lucid Capital Markets acted as the sole book runner and representative of the underwriters for the offering.

Flag Ship Acquisition Corp. Unit

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Shell Companies
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