• Flag Ship posted net income of USD 1.83 million for 2025, more than doubled from USD 909,838 a year earlier.
• Interest and dividend income from the trust account climbed to USD 2.49 million, while expenses fell to USD 659,064.
• Cash and investments in the trust account totaled USD 33.08 million at year-end; cash outside the trust was USD 6,551 with a working capital deficit of USD 1.44 million.
• The SPAC terminated its merger agreement with Great Future Technology on May 3, 2026, then signed a May 8, 2026 letter of intent with Bluechip & Co. Holdings.
• Extension payments were funded through June 20, 2026; an extraordinary meeting is planned for June 11, 2026 to seek an extension to June 20, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flag Ship Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-005818), on May 29, 2026, and is solely responsible for the information contained therein.