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SPAC · Deal announced · FSHP

Flag Ship Acquisition Corp

Business combination with Bluechip & Co. Holdings

Flag Ship Acquisition Corp (FSHP) is a blank-check company (SPAC) that raised $60M in its initial public offering on Jun 20, 2024. It agreed to combine with Bluechip & Co. Holdings, announced on Sep 15, 2026, at a stated value of $400M. The deal has not closed yet. Cayman Islands. Lucid led the IPO. Becker & Poliakoff advised the SPAC and Kramer Levin Naftalis & Frankel advised the underwriters on the IPO.

Bluechip & Co. Holdings is a Cayman Islands holding company that operates through subsidiaries. Its businesses include insurance-related customer acquisition, financial education, referrals, U.S. capital-markets advisory, AI-driven online advertising and data-center services.

Status
Deal announced
Ticker
FSHP
IPO date
Jun 20, 2024
IPO size
$60M
Target
Bluechip & Co. Holdings
Target sector
Other
Announced
Sep 15, 2026
Stated deal value
$400M
Combined company
Bluechip Holdings Corp. (Purchaser)
IPO underwriters
Cayman Islands. Lucid
SPAC counsel (IPO)
Becker & Poliakoff and Ogier
Underwriters' counsel (IPO)
Kramer Levin Naftalis & Frankel

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