• Flag Ship Acquisition posted Q2 net income of $184,954, down from $589,626 a year earlier.
• Interest and dividend income in the trust account fell to $294,999 from $742,274.
• Formation, general and administrative costs decreased to $110,045 from $152,648.
• Trust account holdings totaled $34.02 million at June 30, 2026; cash outside the trust was $1,300.
• Exclusive talks continued with Bluechip under a May 8 letter of intent; the prior GFT merger deal was terminated May 3.

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: 0001829126-26-008880), on August 14, 2026, and is solely responsible for the information contained therein.