Becker & Poliakoff

Becker Advises Flag Ship Acquisition Corporation in Connection with IPO

Becker Advises Flag Ship Acquisition Corporation in Connection with IPO

Becker Attorneys Bill Huo, Valeria Angelucci, Robert C. Brighton, and Michael Goldstein represented client Flag Ship Acquisition Corporation, a Cayman Islands exempt company, in connection with its initial public offering of 6,000,000 units at $10.00 each. The closing of the offering occurred on June 20, 2024.

Flag Ship Acquisition Corporation is a blank check company incorporated under the laws of the Cayman Islands. Its purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

The Company’s units are listed on the NASDAQ Global Market (“NASDAQ”) and started trading under the ticker symbol “FSHPU” beginning June 18, 2024. Each unit, priced at $10.00, comprises one ordinary share and one right to receive one-tenth (1/10) of an ordinary share upon the consummation of an initial business combination. Following the commencement of separate trading of the securities comprising the units, the shares and rights are anticipated to be listed on NASDAQ under the symbols “FSHP” and “FSHPR,” respectively.

Becker & Poliakoff PA served as acting as counsel to Flag Ship Acquisition Corporation, Lucid Capital Markets served as the sole bookrunner for the offering, and Kramer Levin Naftalis & Frankel LLP represented the underwriter.

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