• $140.4M
    Market Cap
  • 5.15%
    1-Year Change
  • Shell Companies
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: N/A
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

Flag Ship Acquisition Corporation Enters into Letter of Intent with Bluechip & Co. Holdings

Flag Ship Acquisition Corporation (NASDAQ: FSHP), a SPAC, has entered into a binding letter of intent with Bluechip & Co. Holdings to acquire 100% of Bluechip's equity interests. Bluechip, a cross-border financial services platform focused on insurance-related services and U.S. capital markets advisory, is valued between $300-400 million. The transaction is subject to due diligence, definitive agreement negotiations, and shareholder approval, with a 90-day exclusivity period.

05/08/2026, 9:18 AM • Benzinga

Peers

Statistics

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Day Range
$11.02
$11.04
$11.02
1-Year Range
$10.41
$11.19
$11.02
Latest Close$11.02
Change
+$0.010 (+0.09%)
Volume1,413
Market Cap$140.4M
Shares Outstanding12.8M
Enterprise Value$141.9M

Information as of 06/02/2026

Company Profile

FLAG SHIP ACQUISITION CORP
$140.4M
Market Cap
$1.6M
Net Income
Sector: Financial Services
Industry: Shell Companies
26 Broadway, New York, NY, United States, 10004
646 362 0256

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to focus on businesses that have a connection to the Asian market. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.

Key Executives

  • Matthew Chen
  • Luhuan Zhong

Current Ownership Distribution

  • Institutions21.0M (73.59%)
  • Mutual Funds3.8M (13.48%)
  • Insiders3.7M (12.93%)
  • Other0 (0.00%)