FSHP Stock — Flag Ship Acquisition Corp. Ordinary Shares

Flag Ship Acquisition Corp. Ordinary Shares (FSHP)

Updated October 16, 2026.

FSHP is a Stock. Total return is 13.5% over the past 2.2 years, 28.1 points behind SPY at 41.6%.

Flag Ship Acquisition Corporation is a blank-check company incorporated in 2018 and based in New York that seeks to complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses. The company has no significant current operations and does not currently distribute to shareholders. This security appeals to investors willing to accept the risks and uncertainties associated with a speculative acquisition vehicle in search of an operating partner.

FSHP performance versus SPY

Price and return data through 2026-10-16.

Total return is 13.5% over the past 2.2 years, 28.1 points behind SPY at 41.6%. Over the past year its total return — price change plus distributions reinvested — is 7.0%. Its deepest 1-year drawdown was 2.6%.

FSHP key facts

Asset type

Stock

Asset class

Equity

Inception date

08/15/2024

Distribution frequency

None

Last close

$11.34 (as of 2026-10-16)

Market cap

$39,897,068

Average volume

2.0

Beta

0.02

Payout ratio

0.0%

P/E ratio

63.0

EPS

$0.18

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FSHP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.6%.

Who may consider FSHP — and who may not

It is a weaker fit for investors who need monthly cash flow (FSHP does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FSHP

• All tickers starting with F

Tagged: Financials.

Frequently asked questions