---
title: "Flag Ship Acquisition - Unit | 10-Q: FY2025 Q1 EPS: USD 0.07"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240060224.md"
datetime: "2025-05-13T20:32:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240060224.md)
  - [en](https://longbridge.com/en/news/240060224.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240060224.md)
generator: "portal-rs"
---

# Flag Ship Acquisition - Unit | 10-Q: FY2025 Q1 EPS: USD 0.07

EPS: As of FY2025 Q1, the actual value is USD 0.07.

EBIT: As of FY2025 Q1, the actual value is USD 577.7 K.

### Segment Revenue

-   The company has not generated any operating revenues as of March 31, 2025, and will not generate any until after the completion of a Business Combination.

### Operational Metrics

-   Net income for the three months ended March 31, 2025, was $577,698, compared to a net loss of - $75,788 for the same period in 2024.
-   Formation, general, and administrative expenses increased to - $162,071 for the three months ended March 31, 2025, from - $75,788 for the same period in 2024.

### Cash Flow

-   Net cash used in operating activities for the three months ended March 31, 2025, was - $183,542, compared to - $70,506 for the same period in 2024.

### Unique Metrics

-   Interest and dividends earned on cash and investments held in the Trust Account were $739,769 for the three months ended March 31, 2025.

### Future Outlook and Strategy

-   The company plans to complete a Business Combination using cash derived from the proceeds of its initial public offering and the sale of private units, shares, debt, or a combination thereof.
-   The company has entered into a new merger agreement with Great Future Technology Inc., replacing a previous agreement, with the merger expected to result in the company becoming a wholly-owned subsidiary of Great Future Technology Inc.
-   The company has until 21 months, or 24 months if certain conditions are met, from the closing of the IPO to complete its initial business combination, with the possibility of extending the deadline by depositing additional funds into the Trust Account.

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- [FSHPU.US](https://longbridge.com/en/quote/FSHPU.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**