Flag Ship Acquisition net income falls to $184,954 in Q2 FY26
FSHP•Q2 net income and trust income decline
Flag Ship Acquisition posted Q2 net income of $184,954, down from $589,626 a year earlier.
- Interest and dividend income in the trust account fell to $294,999 from $742,274.
- Formation, general and administrative costs decreased to $110,045 from $152,648.
- Trust account holdings totaled $34.02 million at June 30, 2026; cash outside the trust was $1,300.
- Exclusive talks continued with Bluechip under a May 8 letter of intent; the prior GFT merger deal was terminated May 3.
