Flag Ship Regains Nasdaq Compliance After Q1 2026 10-Q Filing
FSHP•Flag Ship Acquisition Corporation regained compliance with Nasdaq Listing Rule 5250(c)(1) on June 8, 2026 after filing its Form 10-Q for the quarter ended March 31, 2026 on June 5, 2026. The company had received non-compliance notices on April 17 and May 21 for delayed Form 10-K and Form 10-Q filings.
1. Regaining Compliance
On June 8, 2026 Nasdaq confirmed that Flag Ship Acquisition Corporation complies with Listing Rule 5250(c)(1) following the Company’s filing of its Form 10-Q for the quarter ended March 31, 2026 on June 5, 2026. This action closes the prior compliance matter and restores the Company’s standing on the Nasdaq.
2. History of Non-Compliance
Nasdaq issued non-compliance notices on April 17 for the delayed Annual Report on Form 10-K for year ended December 31, 2025 and on May 21 for the late Quarterly Report on Form 10-Q for Q1 2026. The Company addressed both delays by filing the required reports.
3. SPAC Profile and Next Steps
Flag Ship remains a special purpose acquisition company sponsored by Whale Management Corporation. The SPAC continues its search for a merger target and must maintain timely SEC filings to preserve its Nasdaq listing status.
