Flag Ship Acquisition Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $56.2M
- Price
- $11.19
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.04%
- Volume
- 120
About
Flag Ship Acquisition Corporation currently possesses no substantial business operations. Its core mission revolves around identifying and executing a business combination, which could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, or corporate reorganization, with one or more suitable enterprises. The firm aims to acquire companies operating across a broad spectrum of industries, including digital and advanced technology, financial technology, renewable energy, healthcare, consumer goods and retail, natural resources, food production, industrial manufacturing, and educational services. Established in 2018, the company maintains its principal office in New York City. It previously operated as an affiliate of Whale Management Corporation.
Quick stats
Shares outstanding5.0M
Computed float3.1M
Float / shares60.9%
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001850059
AI Summary
AI-generated1/6
minorneutralregulatory
Flag Ship Acquisition Corporation Regains Compliance with Nasdaq Listing Rule 5250(c)(1)
Flag Ship Acquisition Corporation announced it has regained compliance with Nasdaq Listing Rule 5250(c)(1) following the filing of its late Form 10-Q.
The company had previously received notices in April and May 2026 regarding its failure to timely file its 10-K for fiscal year 2025 and its 10-Q for the quarter ended March 31, 2026.
Nasdaq confirmed the matter is closed after the 10-Q was filed on June 5, 2026, averting immediate delisting proceedings for the SPAC.
Red flags
- History of late filings (10-K and 10-Q) indicates potential governance or internal control weaknesses
- SPAC has not yet identified a target business, extending the timeline for a business combination