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Flag Ship Acquisition Corporation (FSHP)
USD11.07
-0.25 (-2.20%)
US NASDAQ Financial Services Shell Companies
Address
260 Madison Avenue 10016
New York City, NY, US
New York City, NY, US
CEO
Matthew Chen
Website
flagshipacquisition.com
IPO
2024-08-15
CIK 1850059 ISIN KYG3530C1096
Also trades on
NASDAQ Global Market · FSHP (USD)
NASDAQ Global Market · FSHPR (USD)
NASDAQ Global Market · FSHPU (USD)
Description
Flag Ship Acquisition Corporation currently possesses no substantial business operations. Its core mission revolves around identifying and executing a business combination, which could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, or corporate reorganization, with one or more suitable enterprises. The firm aims to acquire companies operating across a broad spectrum of industries, including digital and advanced technology, financial technology, renewable energy, healthcare, consumer goods and retail, natural resources, food production, industrial manufacturing, and educational services. Established in 2018, the company maintains its principal office in New York City. It previously operated as an affiliate of Whale Management Corporation.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD11.07
-0.25 (-2.20%)
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Volume Profile
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Liquidity & share structure
Average Volume
13.1K
Beta
0.00
Float Shares
6.19M
Free Float %
69.8%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.27% | +0.18% | +0.73% | +1.94% | +3.27% | +2.79% | +6.15% | +10.61% | +10.61% | +10.61% | +10.61% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
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Revenue composition
From
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By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Quality scores
Altman Z-Score
17.11
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Shell Companies: +20.6%—
-
EPS growth Shell Companies: -12.3%+230.0% ★ Q1'26: -37.6% (vs Q1'25)
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FCF margin FCF growth · Shell Companies: +8.7%—
-
EBIT margin Shell Companies: +0.0%—
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ROIC Shell Companies: +0.0%-2.1% Q1'26: +0.0% (vs Q1'25)
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Share dilution Shell Companies: -10.2%-37.7% ★ Q1'26: -55.6% (vs Q1'25)
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Debt / EBITDA Net debt/EBITDA · Shell Companies: 0.00×-2.20×
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-05 | C | 2/5 | 1/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-04 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-06-03 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-06-02 | C | 2/5 | 1/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-06-01 | C | 2/5 | 1/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-28 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-27 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-22 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-21 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-20 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-19 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-18 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-15 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-14 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-13 | B- | 2/5 | 1/5 | 2/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-12 | B- | 2/5 | 1/5 | 2/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-11 | B- | 2/5 | 1/5 | 2/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-08 | B- | 2/5 | 1/5 | 2/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-06 | B- | 2/5 | 1/5 | 2/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-05 | B- | 2/5 | 1/5 | 2/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-04 | B- | 2/5 | 1/5 | 2/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-01 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-30 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-29 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-28 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-27 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-23 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-22 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-21 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-20 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-17 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-16 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-15 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 2/5 | 2/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
Owner's Earnings history not available.
Owner alignment
Owner's Earnings TTM
—
OE per share TTM
—
Owner's Yield
—
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
—
Ownership Overview
Ownership breakdown
At a glance
Institutional holders
17
Total invested
32.65M
Insider transactions (90d)
0
Beneficial owners (>5%)
15
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Matthew Chen | 1.96M | 22.15% | 1.96M | — | 1.96M | — | IN | United States | 2024-06-21 | ↗ |
| 2 | Whale Management Corporation | 1.96M | 22.15% | 1.96M | — | 1.96M | — | OO | British Virgin Islands | 2024-06-21 | ↗ |
| 3 | Investment Management | 902.2K | 10.18% | 902.2K | — | 902.2K | — | IA | York | 2024-11-07 | ↗ |
| 4 | FTCS Sub GP LLC | 642.3K | 7.25% | 642.3K | — | 642.3K | — | HC | Delaware | 2024-11-15 | ↗ |
| 5 | First Trust Capital Management L.P. | 642.3K | 7.25% | 642.3K | — | 642.3K | — | IA | Delaware | 2024-11-15 | ↗ |
| 6 | First Trust Capital Solutions L.P. | 642.3K | 7.25% | 642.3K | — | 642.3K | — | HC | Delaware | 2024-11-15 | ↗ |
| 7 | Mizuho Financial Group, Inc. | 603.9K | 6.81% | 603.9K | — | 603.9K | — | FI | — | 2024-11-14 | ↗ |
| 8 | Frederick V. Fortmiller, Jr. | 600.0K | 6.77% | — | 600.0K | — | — | HC, IN | Delaware | 2024-06-28 | ↗ |
| 9 | Harraden Circle Investments, LLC | 600.0K | 6.77% | — | 600.0K | — | — | IA, HC, OO | Delaware | 2024-06-28 | ↗ |
| 10 | First Trust Merger Arbitrage Fund | 556.3K | 6.28% | 556.3K | — | 556.3K | — | IV | Delaware | 2024-11-15 | ↗ |
| 11 | Harraden Circle Investors GP, LLC | 469.5K | 5.30% | — | 469.5K | — | — | HC, OO | Delaware | 2024-06-28 | ↗ |
| 12 | Harraden Circle Investors GP, LP | 469.5K | 5.30% | — | 469.5K | — | — | HC, PN | Delaware | 2024-06-28 | ↗ |
| 13 | Harraden Circle Investors, LP | 469.5K | 5.30% | — | 469.5K | — | — | PN | Delaware | 2024-06-28 | ↗ |
| 14 | Space Summit Capital LLC | 377.0K | 6.30% | 377.0K | — | 377.0K | — | — | Delaware | 2024-06-24 | ↗ |
| 15 | Harraden Circle Special Opportunities, LP | — | 0.00% | — | — | — | — | PN | Delaware | 2024-06-28 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
From
To
13F snapshot — 2026 Q1
Investors holding
17
+3 vs prev Q
New positions
3
Closed positions
0
Increased
7
Reduced
5
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | KARPUS MANAGEMENT, INC. | 736.4K -2.3K (-0.3%) | 7.92M +116.1K (+1.5%) | 13.96% +3.260 pp | 0.21% -0.036 pp | USD10.03 +7.2% | 6 qtrs — |
| 2 | MIZUHO SECURITIES USA LLC | 450.5K +— (+0.0%) | 4.81M +98.8K (+2.1%) | 8.54% +2.014 pp | 0.08% -0.016 pp | USD10.43 +3.1% | 3 qtrs — |
| 3 | BERKLEY W R CORP | 400.9K +— (+0.0%) | 4.31M +76.2K (+1.8%) | 7.60% +1.793 pp | 0.20% -0.041 pp | USD10.22 +5.2% | 6 qtrs — |
| 4 | HEIGHTS CAPITAL MANAGEMENT, INC | 306.6K -1.9K (-0.6%) | 3.30M +29.1K (+0.9%) | 5.81% +1.343 pp | 1.18% +0.287 pp | USD10.02 +7.3% | 6 qtrs — |
| 5 | POLAR ASSET MANAGEMENT PARTNERS INC. | 150.0K +— (+0.0%) | 1.61M +15.0K (+0.9%) | 2.84% +0.671 pp | 0.02% +0.003 pp | USD10.02 +7.3% | 6 qtrs — |
| 6 | WOLVERINE ASSET MANAGEMENT LLC | 145.6K -1.8K (-1.2%) | 1.57M -4.4K (-0.3%) | 2.76% +0.625 pp | 0.01% +0.001 pp | USD10.17 +5.7% | 5 qtrs — |
| 7 | QUARRY LP | 130.0K +— (+0.0%) | 1.40M +16.3K (+1.2%) | 2.47% +0.581 pp | 0.22% -0.084 pp | USD10.03 +7.2% | 6 qtrs — |
| 8 | CROSSINGBRIDGE ADVISORS, LLC | 128.6K -4.4K (-3.3%) | 1.38M -32.1K (-2.3%) | 2.44% +0.510 pp | 0.39% -0.335 pp | USD10.65 +0.9% | 2 qtrs — |
| 9 | AQR ARBITRAGE LLC | 125.2K +— (+0.0%) | 1.35M +25.0K (+1.9%) | 2.37% +0.560 pp | 0.03% -0.005 pp | USD10.02 +7.3% | 6 qtrs — |
| 10 | WESTCHESTER CAPITAL MANAGEMENT, LLC | 52.7K +— (+0.0%) | 567.1K +10.5K (+1.9%) | 1.00% +0.236 pp | 0.02% -0.002 pp | USD10.65 +0.9% | 2 qtrs — |
| 11 | GOLDMAN SACHS GROUP INC | 38.4K +— (+0.0%) | 413.2K +7.3K (+1.8%) | 0.73% +0.172 pp | 0.00% +0.000 pp | USD10.02 +7.3% | 6 qtrs — |
| 12 | CLEAR STREET GROUP INC. | 5.5K -1.7K (-23.7%) | 59.0K -17.6K (-22.9%) | 0.10% 0.000 pp | 0.00% +0.000 pp | USD10.65 +0.9% | 2 qtrs — |
| 13 | TORONTO DOMINION BANK | 3.5K +3.5K (+100.0%) | 37.4K +37.4K (+100.0%) | 0.07% +0.066 pp | 0.00% +0.000 pp | USD10.75 +0.0% | 5 qtrs — |
| 14 | MORGAN STANLEY | 47.00 +3.0 (+6.8%) | 505.00 +40.0 (+8.6%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD10.40 +3.4% | 4 qtrs — |
Ownership breakdown by holder
ETF Ownership
Top ETFs holding this stock
Held by 1 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | CrossingBridge Ultra-Short Duration ETF CUSD | 4.32% | 640.8K | 0.81% |
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
2.00
Bullish
Buys
2
Sells
1
Shares acquired
476.0K
Shares disposed
—
Cash buys
2.00
Cash sales
—
Net activity
+476,000
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-06-20 | Whale Management Corp | 10% Owner | P-Purchase | A | Rights to receive ordinary shares | 238,000 | 0.00 | — | 238,000 | — | ↗ |
| 2024-06-17 | Whale Management Corp | 10% Owner | — | D | Ordinary Shares, $0.001 par value | 0 | 0.00 | — | 1,725,000 | — | ↗ |
| 2024-06-17 | Shan Cui | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-06-17 | Pai Liu | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-06-17 | Luhuan Zhong | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-06-17 | He Wen | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-06-17 | Chen Matthew | Director / Officer / 10% Owner | — | I | Ordinary Shares, $0.001 par value | 0 | 0.00 | — | 1,725,000 | — | ↗ |
Executive team
Top executives
Shares Outstanding
8.86M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Luhuan Zhong | Chief Financial Officer & Principal Accounting Officer | — | male |
| Matthew Chen | Chairman & Chief Executive Officer | — | male |
ESG Rating
ESG Score History SHELL COMPANIES
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for FSHP
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
