Flag Ship Acquisition Corp (FSHP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 29, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 9.89% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
5.5M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

FSHP currently has 5.52M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 9.89% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 29, 2026

10-K filing | 5.5M shares outstanding

5.5M 0
Oct 31, 2025

10-Q filing | 5.0M shares outstanding

5M 0
Aug 27, 2025

8-K filing: Holders of 3,837,483 ordinary shares of the Company properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.47 per share.

8.9M 0
Aug 01, 2025

10-Q filing | 8.9M shares outstanding

8.9M 0
May 13, 2025

10-Q filing | 8.9M shares outstanding

8.9M 0
Mar 04, 2025

10-K filing | 8.9M shares outstanding

8.9M 0
Nov 12, 2024

10-Q filing | 8.9M shares outstanding

8.9M 0
Aug 12, 2024

8-K filing: On August 12, 2024, Flag Ship Acquisition Corporation announced that holders of units sold in the Company's IPO may commence separate trading of the underlying component securities (ordinary shares and rights) starting August 15, 2024.

8.9M 0
Aug 08, 2024

10-Q filing | 8.9M shares outstanding

8.9M 0
Jun 26, 2024

8-K filing: Flag Ship Acquisition Corporation consummated its initial public offering on June 20, 2024, consisting of 6,900,000 units at $10.00 per unit, generating gross proceeds of $69,000,000, and simultaneously consummated a private placement of 238,000 units with Whale Management Corporation at $10.00 per unit, generating gross proceeds of $2,380,000. ($71.38M proceeds)

N/A 0
Jun 21, 2024

8-K filing: Flag Ship Acquisition Corporation consummated its IPO of 6,000,000 units at $10.00 per unit, generating gross proceeds of $60,000,000, and the underwriters exercised their over-allotment option for 900,000 additional units, generating additional gross proceeds of $9,000,000. Simultaneously with the closing of the IPO, the Company completed the private sale to the Sponsor of an aggregate of 238,000 placement units at a purchase price of $10.00 per unit, resulting in gross proceeds to the Company of $1,879,360.00. ($70.88M proceeds)

N/A 0
May 22, 2024

S-1/A filing: Initial public offering of units, each consisting of one ordinary share and one right to receive one-tenth of an ordinary share. Additionally, the sponsor has agreed to purchase private placement units.

N/A 6.2M
Mar 22, 2024

S-1/A filing: Flag Ship Acquisition Corporation is offering 6,000,000 units at $10.00 per unit in an initial public offering. Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of an ordinary share upon the consummation of an initial business combination. The underwriters have a 45-day option to purchase up to an additional 900,000 units to cover over-allotments. Additionally, the sponsor has agreed to purchase 220,000 units (or 238,000 units if the over-allotment option is exercised in full) at $10.00 per unit in a private placement.

N/A 6.2M
Oct 10, 2023

S-1/A filing: Flag Ship Acquisition Corporation is offering 6,000,000 units at $10.00 per unit. Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of an ordinary share upon the consummation of an initial business combination. The sponsor has agreed to purchase 280,000 units at a price of $10.00 per unit in a private placement.

N/A 6.3M
Dec 14, 2022

S-1/A filing: S-1/A filing for a company offering private placement units, each consisting of one ordinary share, one right to receive one-tenth of an ordinary share, and one warrant, at a price of $10.00 per unit.

N/A 310K
Jun 07, 2022

S-1/A filing: This S-1/A filing describes a private placement of units to the sponsor, each unit consisting of one ordinary share, a right to receive one-tenth of an ordinary share, and a warrant exercisable at $11.50, with the proceeds to be held in a trust account.

N/A 330K
Apr 11, 2022

S-1/A filing: This S-1/A filing describes a private placement of units to the sponsor at $10.00 per unit, with each unit containing one ordinary share, one right to receive one-tenth of an ordinary share, and one warrant to purchase one-half of one ordinary share at $11.50 per share.

N/A 330K
Nov 12, 2021

S-1 filing: This S-1 filing describes a proposed offering where the sponsor has agreed to purchase 300,000 units at $10.00 per unit in a private placement that will close simultaneously with the closing of this offering.

N/A 300K
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