10:20 AM EDT, 06/18/2024 (MT Newswires) -- Flag Ship Acquisition (FSHP) said Tuesday it priced its initial public offering of 6 million units at $10 apiece.

Each unit comprises one ordinary share and one right to receive one-tenth of an ordinary share on the consummation of an initial business combination, the blank-check company said.

Flag Ship Acquisition expects the units to be listed on Nasdaq Global Market and to trade under the ticker symbol "FSHPU" starting Tuesday, while its shares and rights are expected to be listed under the symbols "FSHP" and "FSHPR," respectively.

The company expects the IPO to close Thursday.