Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 247

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 247
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 Warrants on that day. At December 31, 2024 and 2023 a Monte Carlo simulation methodology was used in estimating the fair value of the Private Placement Warrants. The key inputs for Monte Carlo simulation for the Private Placement Warrants as of December 31, 2024 and 2023 were as follows:

|                         | Input |   | December 31, 
         2024 |   |     |   | December 31, 
         2023 |   |
|:------------------------|:------|:--|-------------:|:--|:----|:--|-------------:|:--|
| Public Warrant Price    |       | $ |         0.04 |   |     | $ |         0.01 |   |
| Risk-free interest rate |       |   |         4.22 | % |     |   |         4.64 | % |
| Expected term (years)   |       |   |         0.65 |   |     |   |         1.26 |   |
| Expected volatility     |       |   |         13.3 |   |     |   |   de minimis |   |
| Stock price             |       | $ |         9.63 |   |     | $ |        11.03 |   |
| Exercise price          |       | $ |        11.50 |   |     | $ |        11.50 |   |

NOTE 10 — SEGMENT INFORMATION ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statements information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker has been identified as the Chief Executive Officer(“CODM”), who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment.

F-60

FST LTD.
(FORMERLY CHENGHE ACQUISITION I CO.)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 AND 2023 NOTE 10 — SEGMENT INFORMATION (cont.) When evaluating the Company’s performance and making