Flag Ship Acquisition Corporation (FSHPU) is a blank check company, commonly referred to as a SPAC, incorporated in the Cayman Islands on May 14, 2018, and headquartered in New York City. The company was formed with the sole purpose of identifying and completing a business combination with one or more ...Flag Ship Acquisition Corporation (FSHPU) is a blank check company, commonly referred to as a SPAC, incorporated in the Cayman Islands on May 14, 2018, and headquartered in New York City. The company was formed with the sole purpose of identifying and completing a business combination with one or more target businesses. As a SPAC, it does not have significant operations of its own and holds funds raised through its initial public offering (IPO) in a trust account until a merger or acquisition is executed. The company went public on June 18, 2024, on the NASDAQ exchange, pricing its IPO of 6,000,000 units (each unit consisting of one ordinary share and one right) at $10.00 per unit, raising approximately $69 million. The CEO is Matthew Chen, who has experience in the SPAC space, previously serving as CEO and CFO of Longevity Acquisition Corporation. The company's strategy is to seek growth businesses with an enterprise value between $200 million and $400 million, focusing on sectors such as technology, healthcare, and financial services. As of the latest data, the company has only 2 full-time employees, typical for a SPAC. Financially, FSHPU has minimal revenue, with its main assets being the cash held in trust. The market capitalization is approximately $110.6 million, with a price per share of $11.19. The company has engaged in merger discussions; notably, in October 2024, it entered into a merger agreement with Great Rich Technologies Limited and GRT Merger Star, and in April 2025, it signed an agreement with Great Future Technology Inc. However, as of mid-2026, the company has not yet completed a business combination, and there are indications of potential challenges, such as a notice from NASDAQ regarding listing compliance. The company's future depends on successful completion of a merger, which would transform it into an operating entity. The management team, led by Matthew Chen, continues to seek suitable targets to deliver value to shareholders.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$1.8M
+101.0%
+15.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-479096
+45.3%
-549.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
4.8%
+388.9%
+196.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.02x
-92.9%
-67.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.