Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 240

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 240
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 | $ |         9.63 |   |     | $ |             11.49 |   |
| Exercise price                               |     | $ |        11.79 |   |     | $ |             11.79 |   |
| Risk-free rate                               |     |   |         4.16 | % |     |   |              4.16 | % |
| Volatility                                   |     |   |        30.17 | % |     |   |             30.17 | % |
| Expected terms (years)                       |     |   |         1.08 |   |     |   |              1.10 |   |
| Estimated weighted average Terminated Shares |     |   |    1,582,101 |   |     |   |         1,582,101 |   |

NOTE 7 — COMMITMENTS & CONTINGENCIES Registration and Shareholder Rights The holders of the (i) founder shares, (ii) Private Placement Warrants, which were issued in a private placement simultaneously with the closing of the IPO and the Class A ordinary shares underlying such Private Placement Warrants and (iii) warrants that may be issued upon conversion of Working Capital Loans have registration rights to require the Company to use its best efforts to register a sale of any of its securities held by them pursuant to a registration rights agreement dated January 24, 2022. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed subsequent to the Company’s completion of the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Legal Fee Arrangement Pursuant to the SPA, in respect of the legal expenses of Shearman & Sterling LLP (“Shearman”), the Company’s legal counsel prior to the Sponsor Sale, owed by the Company, the Company will pay Shearman in connection with the closing of the initial Business Combination of the Company together with the payment of other transaction expenses and fees pursuant to the funds flow for such Business Combination, an amount equal to $350,000 in immediately available funds to such account as may be provided by Shearman in advance in writing. In addition, the Old Sponsor shall reserve 15,000 Class B ordinary shares in respect of its obligation to Shearman and, promptly following the