Flag Ship Acquisition Corp to merge with Bluechip Co. Holdings
Flag Ship Acquisition Corp agreed to merge with Bluechip Co. Holdings.
The agreement was announced on Monday 11 May, and we hold no shareholder vote date for it yet.
… and 6 more on the calendar.
A long-stop is the charter’s outside date for completing a combination. It pays nothing: the trust comes back only if no deal closes by then.
Flag Ship Acquisition Corp agreed to merge with Bluechip Co. Holdings.
The agreement was announced on Monday 11 May, and we hold no shareholder vote date for it yet.
vs prior 10-Q 2026-05-15: going-concern doubt APPEARED.
trust $237.7M→$239.8M (+0.9%).
Why it matters: The trust per-share value of $10.43 is above the IPO proceeds trust of $10.00, providing a modest cushion for redemptions. The SPAC has completed over 13 months of its 24-month search window (deadline May 27, 2027) with no announced target or definitive agreement. Cash burn from operations is visible: $201k used in H1. Sponsors have not ….
The pot grew, and so did each share's claim on it — interest, with nobody leaving.
The auditor’s going-concern sentence appeared in this filing and was not in the last one. A SPAC has to say it may not survive twelve months once its own deadline falls inside the auditor’s horizon — it is about the calendar, not the bank account, and the cash above is still there.
Both columns are filed figures, compared against the 10-Q of Friday 15 May. Cash behind each share is those two figures divided.
Why it matters: An earnings release was wrong enough to be reissued under a new accession. The amendment never says which figures were corrected: the substance is entirely in Exhibit 99.1, which is not part of this document, so the record shows that a correction happened and not what it was.
Why it matters: This is the successor's second quarterly report after the de-SPAC and it confirms the February 13, 2026 closing date and a 225 million share count against the SPAC's original public float. The company states material weaknesses in internal control exist and remain to be remediated. The condensed consolidated financial statements are not ….
vs prior 10-Q 2026-05-14: trust $143.8M→$144.1M (+0.3%).
deadline 2026-08-14→2027-12-04.
sponsor loan $498K→$550K.
mandate/sector language changed.
Why it matters: By confirming full over-allotment, management establishes the maximum potential redemption pool (~$10.03/share), definitively setting the financial ceiling for investors ahead of the June 4, 2027 deadline. Management's resolution of the $15,000,000 contingency eliminates a severe pre-funding liability threat. The stated going concern qua….
The auditor’s going-concern sentence appeared in this filing and was not in the last one. A SPAC has to say it may not survive twelve months once its own deadline falls inside the auditor’s horizon — it is about the calendar, not the bank account, and the cash above is still there.
Both columns are filed figures, compared against the 10-Q of Thursday 14 May. Cash behind each share is those two figures divided.
Why it matters: The company retired $80.0 million of a secured obligation at par rather than at a premium, and the filing states the exact remaining balance of $49,671,000 on notes that mature in 2026 — so the residual maturity is both quantified and near.
Why it matters: A contraction in shareholder count diminishes secondary market liquidity and concentrates ownership, which can complicate public trading dynamics ahead of the specified liquidation window. Although Nasdaq characterizes the correspondence as a deficiency notification rather than an imminent delisting order, failure to submit an acceptable….
vs prior DEF 14A 2026-03-09: deadline 2026-09-16→2028-03-16.
Why it matters: The filing sets the redemption deadline (September 14, 2026) and triggers a redemption opportunity at ~$12.18/share – above the typical $10.00 trust value. It reveals the SPAC has only ~$1.3 million remaining in trust (down from $345 million at IPO after massive redemptions). The extension gives more time to find a deal, but the sponsor’….
Both columns are filed figures, compared against the DEF 14A of Monday 9 March. Cash behind each share is those two figures divided.
vs prior 10-Q 2026-05-15: deadline 2026-05-29→2026-08-29.
Why it matters: This is the first financial report after the HiTech deal announcement, showing trust value per share of $14.20, extension mechanics, and deal terms. The trust is small ($660,761) and public float is only 46,529 shares. The company faces a tight deadline and has significant operating losses and a working capital deficit, raising going con….
The auditor’s going-concern sentence appeared in this filing and was not in the last one. A SPAC has to say it may not survive twelve months once its own deadline falls inside the auditor’s horizon — it is about the calendar, not the bank account, and the cash above is still there.
Both columns are filed figures, compared against the 10-Q of Friday 15 May. Cash behind each share is those two figures divided.
Why it matters: The filer is the post-combination operating company, not a blank-check shell: there is no trust account, no redemption value and no deadline in this document. The quarter records lower revenue year over year on both a three- and six-month basis and a cash balance about half its year-end level.
Why it matters: Public shareholders now face a revised short-term liquidation trigger of September 15, 2026 rather than August 15, 2026. The $125,000 trust infusion confirms ongoing sponsor funding to maintain listing compliance and delay dissolution, but the filing discloses no target pipeline, commercial operations, customer contracts, revenue project….
Why it matters: The extension sustains the operational path toward closing the MicroTouch Technology transaction but explicitly indicates management anticipates needing additional shareholder approvals, thereby prolonging redemption uncertainty past September 13, 2026. The $191,475 financing structurally shields public trust assets through the sponsor’s….
Why it matters: The registrant is no longer a blank-check company and the report carries no trust or redemption terms. This summary covers the cover page and forward-looking section of the report; the balance sheet and statements of operations are not covered here.
… 21 more not shown (33 in this window).
Nothing to report. No new SEC-sourced redemption results were captured in this window.
CIK 0001695098.
IPO 2017-05-15.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001690080.
IPO 2017-06-02.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001704760.
IPO 2017-07-31.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001706946.
IPO 2017-09-15.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001708341.
IPO 2017-10-05.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001698113.
IPO 2017-11-17.
Sponsor Legacy Acquisition Sponsor I LLC.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001716947.
IPO 2017-12-01.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001719489.
IPO 2017-12-11.
Sponsor GigAcquisitions, LLC.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001712463.
IPO 2018-01-19.
Sponsor One Madison Group LLC.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001708176.
IPO 2018-01-26.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001719893.
IPO 2018-01-30.
Sponsor MTech Sponsor, LLC.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
CIK 0001718405.
IPO 2018-02-08.
Status CLOSED.
Source universe-ipo-index 2026-08-17 (EDGAR qu….
… 423 more not shown (435 in this window).
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