An ice fishing tip-up is described that is adapted to rest on a sheet of ice surrounding a fishing opening in the sheet of ice. The ice fishing device has a plurality of movable supports with one end attached to a top mount and another end for resting on a surface to support the device, a spool post, a fishing line spool, and a signally device. The plurality of supports has a storage position and a deployed position, with the storage position defining an interior storage space. In the storage position, the fishing line spool is disposed within the interior storage space. Pulling on the fishing line spool activates the switch to trigger the signaling device.
