| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 18,751 | 19,769 | ||
| Prepayments and deposits | 35,940 | 64,868 | ||
| Total current assets | 54,691 | 84,637 | ||
| Cash and investments held in trust account | 32,584,205 | 72,281,179 | ||
| Total assets | 32,638,896 | 72,365,816 | ||
| Accrued liabilities | 35,392 | 8,742 | ||
| Promissory notes related party | 1,170,351 | 930,351 | ||
| Total current liabilities | 1,205,743 | 939,093 | ||
| Deferred underwriting compensation | 1,725,000 | 1,725,000 | ||
| Total liabilities | 2,930,743 | 2,664,093 | ||
| Ordinary shares subject to possible redemption, 3,062,517 and 6,900,000 shares issued and outstanding at redemption value of 10.64 and 10.26 on september30, 2025 and december31, 2024, respectively | 32,584,205 | 72,281,179 | ||
| Ordinary shares, 0.001 par value 50,000,000 shares authorized 1,963,000 and 1,963,000 shares issued and outstanding (excluding 3,062,517 and 6,900,000 shares, subject to possible redemption as of september30, 2025 and december31, 2024, respectively) | 1,963 | 1,963 | ||
| Accumulated deficit | -2,878,015 | -2,581,419 | ||
| Total shareholders deficit | -2,876,052 | -2,579,456 | ||
| Total liabilities and shareholders deficit | 32,638,896 | 72,365,816 | ||
Flag Ship Acquisition Corp (FSHP)
Flag Ship Acquisition Corp (FSHP)