IPO - unknown

Form Type: S-1/A

Filing Date: 2025-04-10

Corporate Action: Ipo

Type: New

Accession Number: 000182912625002546

Filing Summary: Flagfish Acquisition Corporation is a blank check company registered under the British Virgin Islands with an aim to engage in a merger, share exchange, asset acquisition, stock purchase, or reorganization. This document represents Amendment No. 1 to the initial registration statement for an initial public offering (IPO) of up to 6,000,000 units, each priced at $10.00, targeting a total raise of $60 million. The offering includes ordinary shares and rights convertible upon achieving an initial business combination. The prospectus details the scheduled commencement of the public sale and stipulates that the shares will not be offered until the registration statement is effective. The registration statement provides pathways for public investors to redeem their shares under defined conditions related to the completion of a business combination. Whale Management Corporation has committed to purchasing 230,000 units, highlighting a structured operation for potential private placement alongside the public offering. The risks associated with regulatory approvals in China and the implications of U.S. foreign investment regulations involve potential limitations on acquisition targets. The company's management faces potential conflicts of interest in selecting suitable business combinations. Furthermore, it affirms compliance with the Holding Foreign Companies Accountable Act regarding the permissible oversight of its accounting practices. Finally, it suggests a flexible framework for extending the window for completing an initial business combination as per strategic decisions and capital requirements.

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