Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 145

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 145
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 entered into the Investor Rights Agreement, dated as of January 15, 2025. Pursuant to the Investor Rights Agreement, we agreed to undertake certain resale shelf registration obligations in accordance with the Securities Act and certain holders have been granted customary demand and piggyback registration rights. We further agreed to pay certain fees and expenses relating to registrations under the Investor Rights Agreement. Lock-Up Agreement At the Closing, we and other parties listed thereto entered into the Lock -Up Agreement, dated as of January 15, 2025, pursuant to which, the parties listed thereto agreed to not to transfer any Lock -Up Shares (as defined in the Lock -Up Agreement) for a period of six (6) months after the Closing Date, with certain exceptions and carveouts. Assignment, Assumption and Amendment to Warrant Agreement On January 15, 2025, FST, Chenghe and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), entered into the Assignment, Assumption and Amendment to Warrant Agreement (the “Warrant Amendment”) which amended that certain Warrant Agreement, dated as of January 24, 2022, relating to the Chenghe warrants (the “Warrant Agreement”). Pursuant to the Warrant Amendment, (i) FST has assumed the obligations of Chenghe under the Warrant Agreement, such that, among other things, FST has been added as a party thereto and (ii) references to Chenghe Class A ordinary shares in the Warrant Agreement means the Ordinary Shares. Certain Relationships and Related Party Transactions Femco and FST FST was formed for the purpose of effecting a merger between SPAC, Femco and certain other affiliated entities through the Business Combination. For the period from November24, 2023 through December31, 2024, Femco, a wholly owned subsidiary of FST, made payments on behalf of Femco and its subsidiaries that were non -interestbearing and had no due date. These payments include issuance costs and related formation costs. They are US$36,068 in 2023 and US$2,305,610.79 in 2024, respectively. As of December31, 2024, the balance payable is US$2,341,678.79. Far East Machinery Co., Ltd. Femco leases the land and buildings from Far East Machinery Co., Ltd. (“Far East”) for manufacturing use. Femco entered into a one -yearlease agreement with Far East on December