Flag Ship Acquisition Corp 8-K

What Happened

• Flag Ship Acquisition Corp. announced it received a deficiency letter from the Nasdaq Listing Qualifications Department on April 17, 2026, notifying the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to failure to timely file its Annual Report on Form 10‑K for the fiscal year ended December 31, 2025. The company filed an 8‑K and issued a press release about the notice on April 22, 2026.

Key Details

• Notice date: April 17, 2026; press release furnished April 22, 2026 (Exhibit 99.1).
• Nasdaq requires the company to submit a plan to regain compliance within 60 calendar days of the Notice.
• If Nasdaq accepts the plan, it may grant an exception extending the filing deadline up to 180 days from the original due date — through October 12, 2026.
• The Notice does not have an immediate effect on the listing of the company’s ordinary shares; the company is working to complete the Form 10‑K but gave no assurance it will regain compliance.

Why It Matters

• A Nasdaq deficiency notice signals regulatory noncompliance that, if unresolved, can lead to delisting. For investors, the key near‑term items to monitor are whether Flag Ship files the Form 10‑K promptly, whether Nasdaq accepts its compliance plan, and any further disclosures about financial condition or timing.