Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 232

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 232
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 -for-onebasis. On April 13, 2023, at the First Extraordinary General Meeting, the shareholders approved, among others, the proposal to amend the Company’s MAA to provide for the right of a holder of the Company’s Class B ordinary shares to convert into Class A ordinary shares on a one -for-onebasis prior to the closing of a Business Combination at the election of the holder. On November 8, 2023, the New Sponsor notified the Company that it elected to convert 1,058,127 Class B ordinary shares held by itself to the same number of Class A ordinary shares, pursuant to the Founder Share Amendment Proposal. On November 16, 2023, 1,058,127 Class B ordinary shares held by the New Sponsor were converted into the same number of Class A ordinary shares. NOTE 9 — FAIR VALUE MEASUREMENTS The following table presents information about the Company’s liabilities that are measured at fair value on December 31, 2024 and 2023 and indicates the Level 3 fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

|                                                  |     |   | December 31, 
         2024 |     |   |    Quoted 
 Prices in 
    Active 
   Markets 
 (Level 1) |     |   | Significant 
 Other       
 Observable  
 Inputs      
 (Level 2)   |     |   |  Significant 
        Other 
 Unobservable 
       Inputs 
    (Level 3) |
|:-------------------------------------------------|:----|:--|-------------:|:----|:--|----------:|:----|:--|:------------|:----|:--|-------------:|
| Liabilities:                                     |     |   |              |     |   |           |     |   |             |     |   |              |
| Warrant liabilities – Public Warrants            |     | $ |      260,000 |     | $ |   260,000 |     | $ | —           |     | $ |            — |
| Warrant liabilities – Private Placement Warrants |     |   |      343,566 |     |   |         — |     |   | —           |     |   |      343,566 |
|                                                  |     | $ |      603,566 |     | $ |   260,000 |     | $ | —           |     | $ |      343,566 |