MasterBeef's 15min chart shows KDJ Death Cross, Bearish Marubozu pattern.
ByAinvest
Tuesday, Sep 23, 2025 2:32 pm ET1min read
FSHP--
The extension follows the company's announcement of a definitive merger agreement with Great Rich Technologies Limited (GRT) and GRT Merger Star Limited on October 22, 2024 . Upon completion, Flag Ship shareholders will receive American Depositary Shares (ADSs) of GRT, and the company will merge into GRT's subsidiary. The merger is subject to conditions, including GRT ADSs being approved for Nasdaq listing.
The merger consideration involves exchanging Flag Ship shares and rights for GRT Ordinary Shares, payable in GRT ADSs. The transaction aims to provide value to Flag Ship shareholders and support GRT's global expansion. The merger agreement highlights Flag Ship's strategic focus on transformative business combinations, particularly in the optoelectronics sector.
The current stock price of Flag Ship Acquisition (FSHP) stands at $10.66 as of September 22, 2025, with a market cap of approximately $94.5 million [1].
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Based on the 15-minute chart for MasterBeef, there has been a KDJ Death Cross and a Bearish Marubozu at 09/23/2025 14:30, indicating a shift in the stock price momentum towards a downward trend. The market is currently being controlled by sellers, and there is a high likelihood that the bearish momentum will continue.
Flag Ship Acquisition Corporation (FSHP), a Special Purpose Acquisition Company (SPAC), has recently announced a significant development in its business combination efforts. On September 23, 2025, the company extended its deadline to complete a business combination by one month, moving the deadline to October 20, 2025 [1]. This extension was facilitated by a deposit of $60,000 into the company's trust account by its sponsor, Whale Management Corporation.The extension follows the company's announcement of a definitive merger agreement with Great Rich Technologies Limited (GRT) and GRT Merger Star Limited on October 22, 2024 . Upon completion, Flag Ship shareholders will receive American Depositary Shares (ADSs) of GRT, and the company will merge into GRT's subsidiary. The merger is subject to conditions, including GRT ADSs being approved for Nasdaq listing.
The merger consideration involves exchanging Flag Ship shares and rights for GRT Ordinary Shares, payable in GRT ADSs. The transaction aims to provide value to Flag Ship shareholders and support GRT's global expansion. The merger agreement highlights Flag Ship's strategic focus on transformative business combinations, particularly in the optoelectronics sector.
The current stock price of Flag Ship Acquisition (FSHP) stands at $10.66 as of September 22, 2025, with a market cap of approximately $94.5 million [1].
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