Flag Ship Acquisition Files 5th Amended S-1 on $60M IPO Plan | SPAC Feed

Flag Ship Acquisition in an amended S-1 eliminated warrants from its proposed offering of 6 million units at $10 each. A unit would now consists of a share and one right to receive a tenth of a share.

The SPAC’s last amended filing, in December, reduced the offering from the original 10 million units initially registered with the sec in November 2021.

Flag Ship intends to target middle market growth companies with an enterprise value between $200 million and $400 million.

CEO and Director Matthew Chen has served as managing director of Darong Hechuag International Investment since May 2022. Chen was also chairman and CEO of Longevity Acquisition, which combined with 4D Pharma in March 2021.

Management has significant ties to mainland china, according to the filing, which includes extensive caveats about potential business combinations with companies based in the country.

Flag Ship has applied to list on the nasdaq under the symbol FSHPU. Read more.

Source: Flag Ship Acquisition Files 5th Amended S-1 on M IPO Plan

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• Source: https://spacfeed.com/flag-ship-acquisition-files-5th-amended-s-1-on-60m-ipo-plan