MASHINIi

Flag Ship Acquisition Corp..

FSHP.US | Activities of holding companies

Flag Ship Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company focuses on businesses in the healthcare industry. It i...Show More

Ethical Profile

Mixed.

Flag Ship Acquisition Corp. (FSHP.US) has faced scrutiny regarding its financial reporting. The company issued restatements in 2022 and 2023, allegedly due to a failure to record costs as expenses. Critics point to a change in certifying accountants in July 2024, linked to material weaknesses in internal control over financial reporting. As a Special Purpose Acquisition Company (SPAC), FSHP.US currently has no significant operations, employees, or supply chain. This means its impact on areas like fair pay, ethical sourcing, environmental practices, or community engagement is presently unassessable. Its future ethical profile will depend entirely on the business it eventually acquires.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-20
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-50
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

The provided articles contain no specific, concrete data points or quantitative information relevant to any of the KPIs for the 'Better Health for All' ethical value. details a merger agreement between Flag Ship Acquisition Corporation, a blank check company, and Great Rich Technologies Limited, a company that develops and manufactures optoelectronic products.

1
The article explicitly states that no quantitative data related to health impact, harmful revenue, safety, accessibility, transparency, innovation, externalities, equity programs, workforce support, preventative measures, data responsibility, crisis response, mental health, or addiction mitigation is provided.
2
was inaccessible, yielding no information.
3

Fair Money & Economic Opportunity

0

Flag Ship Acquisition Corp. (FSHP.US) is a blank check company focused on mergers in the healthcare industry. The provided articles do not contain any specific, concrete data points or actions directly attributable to FSHP.US regarding its involvement in financial services, lending, or initiatives related to fair money and economic opportunity.

1
Therefore, no KPIs can be scored based on the available evidence.

Fair Pay & Worker Respect

0

No specific, concrete data points were found in the provided articles to assess FSHP.US against any of the KPIs for Fair Pay & Worker Respect. The articles primarily discuss general Chinese labor laws and practices, or executive compensation for FSHPR without median employee pay data, none of which are directly applicable to FSHP.US's performance on the specified metrics.

1

Fair Trade & Ethical Sourcing

0

Flag Ship Acquisition Corp. (FSHP.US) is a blank check company. The provided articles do not contain any information regarding the company's operational supply chain, procurement activities, or sourcing practices.

1
is irrelevant to FSHP.US,
2
details a merger agreement,
3
and was inaccessible.
4
Consequently, there is no evidence to assess any of the KPIs related to Fair Trade & Ethical Sourcing.

Honest & Fair Business

-20

Financial statements for 2022 and 2023 were restated due to material weaknesses in internal control over financial reporting, specifically the failure to record costs as expenses at the time incurred.

1
This averages to 0.4 restatements per year over the past five years. Three out of four directors are independent, indicating a 75% independence level.
2

Kind to Animals

0

No evidence available to assess Flag Ship Acquisition Corp. on Kind to Animals.

No War, No Weapons

0

Flag Ship Acquisition Corp. is a blank check company focused on the healthcare industry. Its potential merger target, Great Rich Technologies Limited, develops optoelectronic products for consumer electronics.

1
There is no evidence that the company or its associated entities engage in arms manufacturing, military contracts, or any defense-related activities.
2
No revenue is derived from defense contracts.
3

Planet-Friendly Business

0

No evidence was available from the provided articles to assess Flag Ship Acquisition Corp. against any of the Planet-Friendly Business KPIs. The single article provided was unable to be summarized due to throttling, yielding no data for analysis.

1

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles regarding Flag Ship Acquisition Corp.'s (FSHP.US) performance on any of the 'Respect for Cultures & Communities' KPIs. The articles either discuss the company's merger agreement

1
, are general reports on inequality without company-specific data
2
, or failed to extract information from SEC filings.
3

Safe & Smart Tech

-50

Flag Ship Acquisition Corp. (FSHP.US) has not encountered any cybersecurity incidents that have materially affected the company as of its annual report date (March 4, 2025).

1
However, the company explicitly states it has not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk.
2
It also does not consider that it faces significant cybersecurity risk.
3
The board of directors is generally responsible for the oversight of risks from cybersecurity threats, and management will promptly report material incidents to the board.
4

Zero Waste & Sustainable Products

0

No specific quantitative data was found in the provided articles to assess FSHP.US against any of the Zero Waste & Sustainable Products KPIs. While one article mentions a CIMS Green Building with Honors Recertification, it explicitly states a lack of quantitative data on waste diversion, product recyclability, or other relevant metrics, and focuses on general sustainability within facilities management rather than specific product lines or waste programs.

1

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.