Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 92

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 92
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700,000 and non-redeemable shares outstanding of 2,550,000
for the year ended December 31, 2024 adjusted by (a) approximately 39,736,190 consideration shares estimated, derived from the shares
outstanding and weighted average shares outstanding as presented in the pro forma combined consolidated financial statements (after rounding
adjustment), to be issued in connection with the Business Combination; and (b) redemption of nil share.

For the purposes of calculating
the weighted average number of shares of Company ordinary shares outstanding, the effects of outstanding warrants and exchangeable units
to purchase ordinary shares and employee share option plans were not considered in the calculation of diluted loss per share, since the
inclusion of such warrants and options would be anti-dilutive.

                                                                     Adjustment  
  Weighted average shares of redeemable ordinary share                1,779,813  
  Weighted average outstanding converted SPAC Public Shares             700,000  
  Weighted average outstanding shares of non-redeemable shares        2,550,000  
  Add: Closing merger consideration payable in shares                39,736,190  
  Weight average shares                                              44,766,003  

F-60