Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 37

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 37
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 Shares (including those shares issued in connection with the Business Combination), or the perception that such sales could occur, may materially and adversely affect prevailing market prices of FST Ordinary Shares. An active trading market for FST Ordinary Shares may not develop or be sustained, which would adversely affect the liquidity and price of FST Ordinary Shares. Following the Business Combination, the price of FST Ordinary Shares may fluctuate significantly due to the market’s reaction to the Business Combination and general market and economic conditions. An active trading market for its ordinary shares following the Business Combination may never develop or, if developed, may not be sustained. The price of FST Ordinary Shares after the Business Combination may vary due to general economic conditions and forecasts, its general business condition and the release of its financial reports. Additionally, if the Post -ClosingCompany’s securities are not listed on the Stock Exchange and are quoted on the OTC Bulletin Board (an inter -dealerautomated quotation system for equity securities that is not a national securities exchange), the liquidity and price of FST Ordinary Shares may be more limited than if the Post -ClosingCompany was quoted or listed on the Stock Exchange or another national securities exchange. You may be unable to sell your securities unless a market can be established or sustained. If FST does not meet the expectations of equity research analysts, if they do not publish research reports about its business or if they issue unfavorable commentary or downgrade FST Ordinary Shares, the price of FST Ordinary Shares could decline. The trading market for FST Ordinary Shares will rely in part on the research reports that equity research analysts publish about FST and its business. The analysts’ estimates are based upon their own opinions and are often different from FST’s estimates or expectations. If FST’s results of operations are below the estimates or expectations of equity research analysts and investors, the price of FST Ordinary Shares could decline. Moreover, the price of FST Ordinary Shares could decline if one or more equity research analysts downgrade FST Ordinary Shares or if those analysts issue other unfavorable commentary or cease publishing reports about FST or its business. FST’s issuance of additional share capital in connection with financings, acquisitions, investments or otherwise will dilute all other shareholders. FST expects to issue additional share capital in the future that will result in dilution to all other shareholders. FST may also raise capital through equity financings in the future. As part of its business strategy, FST may acquire or make investments in companies, solutions or technologies and issue equity securities to pay for