<a href="https://laohu8.com/S/FSHPU">Flag Ship Acquisition Corp.</a> Amends Promissory Note with Whale Management Corporation, Increasing Principal to $1.2 Million
Flag Ship Acquisition Corporation has amended its existing financial arrangement with Whale Management Corporation, as disclosed in a recent Form 8-K filing. Initially, on August 30, 2024, Flag Ship issued an unsecured promissory note to Whale with a principal amount of $1,000,000. This note was interest-free and set to mature on the earlier of December 31, 2025, or upon the company's initial business combination. On August 21, 2025, the original note was amended to increase the principal amount to $1,200,000, while maintaining the same terms as before. This amendment was made under the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933. The updated financial arrangement is intended to support Flag Ship's ongoing business activities and strategic objectives.
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