Whale Management Corp - 20 Jun 2024 Form 4 Insider Report for Flag Ship Acquisition Corp (FSHP)

Reporting relationship: 10%+ Owner
Issuer ticker: FSHP
Reported as of: 20 Jun 2024
Net transaction value: +$2,380,000
SEC form: 4
Accepted by SEC: 21 Jun 2024, 16:23:09 UTC
Prior SEC filing: 18 Jun 2024
Source filing: View source filing
Reporting owner signature: Whale Management Corporation, By: /s/ Matthew Chen, Director

Key filing fact

Whale Management Corp filed Form 4 for Flag Ship Acquisition Corp (FSHP) on 21 Jun 2024.

Key facts

This page summarizes Whale Management Corp's Form 4 filing for Flag Ship Acquisition Corp (FSHP).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Jun 2024, 16:23.

Change

Previous filing in this sequence was filed on 18 Jun 2024.
Current net transaction value: +$2,380,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FSHP transaction

Ordinary shares, $0.001 par value

Purchase

Transaction value: $2,380,000
Shares: +238,000
Change %: +14%
Price: $10.00^*
Shares after: 1,963,000
Date: 20 Jun 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FSHP transaction Derivative

Rights to receive ordinary shares

Purchase

Transaction value
Shares: +238,000
Change %
Price
Shares after: 238,000
Date: 20 Jun 2024
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 238,000
Exercise price: $0.000000
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The reporting person acquired 330,000 units, at a purchase price of $10 per unit, each unit consisting of one ordinary share, and one right to receive one-tenth (1/10th) of one ordinary.

Footnote F2

Each holder of a right will receive one-tenth (1/10) of an ordinary share upon consummation of the registrant's initial business combination.

Footnote F3

The rights will expire upon liquidation if the registrant is unable to complete an initial business combination within the required time period as described in the registrant's prospectus filed with the SEC.