NEW
YORK, June 18, 2024 /PRNewswire/ -- 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.
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. The offering is being made only by
means of a prospectus, copies of which may be obtained by
contacting Lucid Capital Markets at 570 Lexington Ave, 40th Floor,
New York, NY 10022 at telephone
number (646)-362-0256 and at Email: Prospectus@lucidcm.com. Copies
of the registration statement can be accessed through the SEC's
website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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
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SOURCE Flag Ship Acquisition Corporation