DelistingMay 27, 2026, 09:17 AM
Flag Ship Acquisition Corp gets 2nd Nasdaq delisting notice for late 10-Q
AI Summary
Flag Ship Acquisition Corporation received a second Nasdaq deficiency notice on May 21, 2026, for failing to timely file its Form 10-Q for the quarter ended March 31, 2026. This follows an initial notice on April 17, 2026, for the late filing of its Form 10-K for the fiscal year ended December 31, 2025. The company remains delinquent in filing both reports and must submit a plan to regain compliance by June 16, 2026, with a potential extension until October 12, 2026.
Key Highlights
- Received second Nasdaq deficiency notice on May 21, 2026, for late Form 10-Q.
- Previously received initial Nasdaq deficiency notice on April 17, 2026, for late Form 10-K.
- Company remains delinquent in filing both its Form 10-K for FY 2025 and Form 10-Q for Q1 2026.
- Must submit a plan to regain compliance with Nasdaq by June 16, 2026.
- Nasdaq may grant an exception for compliance until October 12, 2026.
- The notices have no immediate effect on the listing or trading of the company's ordinary shares.
Price Impact
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