Flag Ship Acquisition Corp.

General Information

We will primarily seek to acquire one or more growth businesses with a total enterprise value of between $200 million and $400 million. (Incorporated in the Cayman Islands)

We will not consider or undertake a business combination with an entity or business based in the People’s Republic of China, including Hong Kong and Macau, or that has its principal or a majority of its business operations in such jurisdictions.

We will seek to capitalize on the strength of our management team. Our team consists of experienced professionals and senior operating executives. Collectively, our officers and directors have decades of experience in mergers and acquisitions, and operating companies, in Asia. We believe we will benefit from their accomplishments, and specifically their current and recent activities with companies that have a connection to the Asian market, in identifying attractive acquisition opportunities. However, there is no assurance that we will complete a business combination.

(Note: Flag Ship Acquisition Corp. cut the size of its SPAC IPO by 40 percent – to 6.0 million units, down from 10.0 million units initially – at $10.00 each to raise $60.0 million, according to an S-1/A filing dated Dec. 14, 2022. The company also trimmed the size of its potential targets to companies with enterprise values between $200 million and $400 million – down from those with enterprise values between $300 million and $600 million. Flag Ship Acquisition Corp. filed its S-1 (prospectus) on Nov. 12, 2021, after filing confidential IPO paperwork on March 9, 2021.)


Employees: 0
Founded: 2018
Contact Information
Address 260 Madison Avenue, 8th Floor New York, New York 10016
Phone Number (917) 267-4567
Web Address
View Prospectus: Flag Ship Acquisition Corp.
Financial Information
Market Cap $78.1mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol FSHPU
Exchange NASDAQ
Shares (millions): 6.0
Price range $10.00 - $10.00
Est. $ Volume $60.0 mil
Manager / Joint Managers Ladenburg Thalmann
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change