Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 230

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 230
---
 |        297,384 |     | $ |   128,528 |
| Denominator:                            |     |                    |            |                |     |   |            |            |     |                    |                |     |   |           |
| Weighted average shares outstanding     |     |                    |  3,871,740 |                |     |   |  3,250,000 |            |     |                    |      7,519,729 |     |   | 3,250,000 |
| Basic and diluted net (loss) income     
 per share                               |     | $                  |      (0.47 | )              |     | $ |      (0.47 | )          |     | $                  |           0.04 |     | $ |      0.04 |

Offering Costs associated with the IPO The Company complies with the requirements of ASC 340 -10-S99-1, SEC Staff Accounting bulletin Topic 5A — “Expenses of Offering”, and SEC Staff Accounting bulletin Topic 5T — “Accounting for Expenses or Liabilities Paid by Principal Stockholder(s)”. Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the IPO. Offering costs directly attributable to the issuance of an equity contract to be classified in temporary equity are recorded as a reduction of equity. Offering costs for equity contracts that are classified as assets and liabilities are expensed immediately. The Company incurred offering costs amounting to $7,647,620 as a result of the IPO (consisting of $2,600,000 of underwriting fees, $4,550,000 of deferred underwriting fees, and $497,620 of other offering costs). The Company recorded $7,312,390 of offering costs as a

F-50

FST LTD.
(FORMERLY CHENGHE ACQUISITION I CO.)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 AND 2023 NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (cont.) reduction of temporary equity in connection with the Class A ordinary shares included in the Units. The Company immediately expensed $335,230 of offering costs, during the year ended December 31, 2022, in connection with the Public Warrants, Private Placement Warrants and over -allotmentoption that were classified as liabilities. Class A Shares Subject to Possible