NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Flag Ship Acquisition Corporation (Nasdaq: FSHP, FSHPU and FSHPR) (the “Company,” “Flag Ship” or “Parent”), a publicly traded special purpose acquisition company, announced that it has signed an Agreement and Plan of Merger (the “Merger Agreement”) with Bluechip & Co. Holdings, a Cayman Islands exempted company (“Bluechip” or the “Company”), Bluechip Holdings Corp., a newly formed Cayman Islands exempted company and wholly owned subsidiary of Flag Ship (“Purchaser”), and Bluechip Merger Sub Inc., a newly formed Cayman Islands exempted company and wholly owned subsidiary of Purchaser (“Merger Sub”).