FSHPU

Flag Ship Acquisition Corp. [FSHPU] represents units issued by this special purpose acquisition company (SPAC). Each unit typically consists of one share of common stock and a fraction of a warrant or right, bundled together as a single tradable security. SPACs raise capital through public offerings with the intention of acquiring or merging with an existing private company, effectively taking it public. The units may be separated into their individual components after the initial offering period. Until a business combination is announced and completed, the SPAC's assets are typically held in trust.