FLAG SHIP ACQ. DL-,001

Flag Ship Acquisition released results for the quarter ended March 31, 2026, and reported earnings per share of $0.03. In the same quarter a year earlier, EPS was $0.07. The figures were presented on June 5, 2026, at the quarterly financial conference. » More on finanzen.net

Flag Ship Acquisition has signed a binding letter of intent with Bluechip & Co. Holdings for a proposed merger, which includes exclusivity and other transaction terms. The transaction is to be effected by share exchange, merger or consolidation and is subject to due diligence, definitive agreements and approval by the boards and shareholders. Bluechip is provisionally implied to be valued at USD 300–400 million, representing a substantial premium to Flag Ship’s current market capitalization of about USD 55 million; the parties have agreed a 90‑day exclusive review period. » More on de.investing.com

Shareholders of Flag Ship Acquisition voted at the annual meeting to elect four directors — Matthew Chen, Shan Cui, Pai Liu and Wen He. Approximately 70.75% of the outstanding common shares were represented; each director received 3,257,220 votes in favor with 298,470 broker non‑votes. MaloneBailey, LLP was confirmed as the independent auditor for the fiscal year ending December 31, 2025 (3,555,690 votes in favor). The company also extended the deadline for the proposed merger with Great Future Technology to June 30, 2026. Publicly available metrics show the stock trading near its 52‑week low and a low current ratio of 0.05, suggesting potential liquidity risks. » More on de.investing.com