Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 70

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 70
---
 statements of FST Ltd. (formerly Chenghe Acquisition I Co.) are included in this prospectus for the years ended December31, 2024 and 2023 for completeness, as Chenghe is a wholly owned subsidiary of FST following the closing of the business combination. Prior to the closing of the Business Combination, Chenghe had no operations other than activities related to its formation, IPO, maintenance as a public company, and pursuit of the business combination. Its results for these periods primarily reflect non -operatingincome from trust account interest and expenses related to legal, accounting, and transaction costs. For the year ended December31, 2024, Chenghe reported a net loss of $3.3million, primarily due to operating costs, unrealized losses on derivative liabilities, and changes in the fair value of warrants, partially offset by interest income. For 2023, Chenghe reported net income of $0.4million, mainly attributable to gains on warrant valuation, derecognition of deferred underwriting fees, and trust income. Chenghe’s liquidity was supported by proceeds from promissory notes. Upon the closing of the Business Combination on January15, 2025, Chenghe became a wholly owned subsidiary of FST with no further standalone operations or expenses. Chenghe’s historical results are not indicative of the ongoing operations of FST, whose business is conducted through its operating subsidiary, Femco. 47 C ERTAIN MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS The following is a brief summary discussion of certain material U.S. federal income tax consequences of the ownership and disposition of Ordinary Shares for a U.S. Holder (as defined below). This brief discussion address only U.S. Holders that acquire Ordinary Shares in this offering. This brief discussion is for general information purposes only and does not purport to be a complete analysis or listing of all potential U.S. federal income tax consequences that may apply to a U.S. holder as a result of the ownership and disposition of Ordinary Shares. In addition, this discussion does not address all aspects of U.S. federal income taxation that may be relevant to particular holders nor does it take into account the individual facts and circumstances of any particular holder that may affect the U.S. federal income tax consequences to such holder, and accordingly, is not intended to be, and should not be construed as, tax advice. This brief discussion is based on provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”),