Form 8-K

8-K — Flag Ship Acquisition Corp

Accession: 0001829126-26-003762

Filed: 2026-04-22

Period: 2026-04-17

CIK: 0001850059

SIC: 6770 (BLANK CHECKS)

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — flagshipacq_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (flagshipacq_ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

April 17, 2026

Date of Report (Date of earliest event reported)

FLAG SHIP ACQUISITION CORPORATION

(Exact Name of Registrant as Specified in Charter)

Cayman Islands

001-42138

00-0000000

N/A

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

26 Broadway, Suite 934

New York, New York 10004

(Address of Principal Executive Offices, and Zip

Code)

(646)-362-0256

Registrant’s Telephone Number, Including Area

Code

Not Applicable

(Former Name or Former Address, if Changed Since

Last Report)

Check the appropriate box below if the Form 8-K filing

is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction

A.2. below):

☐

Written communication pursuant to Rule 425

under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12

under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communication pursuant to

Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communication pursuant to

Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b)

of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Units, each consisting

of one Ordinary Share, $0.001 par value, and one right

FSHPU

The Nasdaq Stock Market LLC

Ordinary Shares,

$0.001 par value

FSHP

The Nasdaq Stock Market LLC

Rights

to receive one-tenth (1/10th) of one Ordinary Share

FSHPR

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an

emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities

Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark

if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards

provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01.

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 17, 2026, Flag Ship Acquisition Corp. (the “Company”)

received a deficiency letter (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC

(“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure

to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Form 10-K”), as required for

continued listing on The Nasdaq Global Market.

Under Nasdaq’s Listing Rules, the Company must submit a plan

to regain compliance with Nasdaq within 60 calendar days of the date of the Notice. If the Company’s plan is accepted, then Nasdaq

can grant an exception of up to 180 calendar days from the date that the Form 10-K should have been filed, or October 12, 2026. The Notice

has no immediate effect on the listing of the Company’s ordinary shares. The Company continues to work diligently to complete the

Form 10-K. There can be no assurance, however, that the Company will be able to regain compliance with the listing requirements discussed

above or otherwise satisfy the other Nasdaq listing criteria.

Item 7.01.

Regulation FD Disclosure.

On April 22, 2026, the Company issued a press release announcing the

receipt of the Notice. A copy of the press release is being furnished herewith as Exhibit 99.1.

In accordance with General Instruction B.2 of Form 8-K, the information

contained or incorporated by reference in this Item 7.01, including the press release furnished herewith as Exhibit 99.1, shall not be

deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),

or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the

Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall

be expressly set forth by specific reference in such a filing.

Item

9.01.

Financial

Statement and Exhibits.

(d) Exhibits

EXHIBIT

INDEX

Exhibit No.

Description

99.1

Press Release

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements

of the Securities Exchange Act of 1934, the Company has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned

hereunto duly authorized.

Flag

Ship Acquisition Corporation

Dated:

April 22, 2026

By:

/s/

Matthew Chen

Name:

Matthew

Chen

Title:

Chief

Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: flagshipacq_ex99-1.htm · Sequence: 2

Exhibit 99.1

Flag

Ship Acquisition Corp Receives Nasdaq Notification of Non-Compliance with Listing Rules

New York, NY, April 22, 2026 – Flag Ship Acquisition

Corp (NASDAQ: FSHP) (the “Company”), a special purpose acquisition company, announced that on April 17, 2026, it received

a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) advising the Company that the Company

does not comply with Nasdaq’s Listing Rule 5250(c)(1) for continued listing because the Company had not timely filed its Annual

Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Form 10-K”). Nasdaq has informed the Company that it

has until June 16, 2026 to submit a plan to regain compliance with respect to this delinquent report. If Nasdaq approves the Company’s

plan, it has the discretion to grant the Company an extension of up to 180 calendar days from the due date of the Form 10-K (or until

October 12, 2026) to regain compliance.

Nasdaq’s Listing Rules also require that the Company make a public

announcement disclosing receipt of the notification letter by issuing a press release within four business days of the date of such notice.

The Company is working diligently to complete the Form 10-K. This notification has no immediate effect on the listing of the Company’s

securities on Nasdaq. There can be no assurance, however, that the Company will be able to regain compliance with the listing requirements

discussed above or otherwise satisfy the other Nasdaq listing criteria.

About Flag Ship Acquisition Corporation

Flag Ship is a blank check company, also commonly referred to as a

Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction

and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other

similar business combination with one or more businesses or entities. Flag Ship’s efforts to identify a target business have not

been limited to a particular industry or geographic region. Flag Ship is sponsored by Whale Management Corporation, a BVI business company

with limited liability. As previously disclosed, the Company has entered into a definitive agreement for a business combination with Great

Future Technology Inc.

Forward Looking Statements

This press release includes certain “forward-looking” statements,

as that term is defined under the federal securities laws. Such forward-looking statements, including the successful consummation of the

Company’s initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from

the forward-looking statements. Accordingly, you should not rely on these forward-looking statements as predictions of future events.

These forward-looking statements generally are identified by the words or phrases such as “aspire,” “expect,”

“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”

“plan,” “may,” “will,” “will be,” “will continue,” “will likely result,”

“could,” “should,” “believe(s),” “predicts,” “potential,” “continue,”

“future,” “opportunity,” seek,” “intend,” “strategy,” or the negative version of

those words or phrases or similar expressions are intended to identify such forward-looking statements. You should not place undue reliance

on any forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, the

Company assumes no obligation and does not intend to update any forward-looking statement to reflect events or circumstances after the

date hereof.

For further information, please contact:

Matthew

Chen | Chief Executive Officer

Phone: (212) 884-2667

Email: mchen@flagshipac.com

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