Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 40

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 40
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 time private companies adopt the new or revised standard. This may make comparison of FST’s financial statements with certain other public companies difficult or impossible because of the potential differences in accounting standards used. The Post -ClosingCompany will remain an emerging growth company until the earlier of: (i) the last day of the fiscal year (a) following the fifth anniversary of the date of its first sale of common equity securities pursuant to an effective registration statement, (b) in which the Post -ClosingCompany has total annual gross revenue of at least $1.235 billion, or (c) in which the Post -ClosingCompany is deemed to be a large accelerated filer, which means the market value of the Post -ClosingCompany’s common equity that is held by non -affiliatesexceeds $700 million as of the last Business Day of its most recently completed second fiscal quarter; and (ii) the date on which the Post -ClosingCompany has issued more than $1.00 billion in non -convertibledebt securities during the prior three -yearperiod. References herein to “emerging growth company” have the meaning associated with it in the JOBS Act. FST cannot predict if investors will find FST Ordinary Shares less attractive because FST relies on these exemptions. If some investors find FST Ordinary Shares less attractive as a result, there may be a less active trading market for FST Ordinary Shares, and the price of FST Ordinary Shares may be more volatile. FST will be a foreign private issuer, and as a result, FST will not be subject to U.S. proxy rules and will be subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company. Upon the closing of the Transactions, FST will report under the Exchange Act as a non -U.S. company with foreign private issuer status. Because FST qualifies as a foreign private issuer under the Exchange Act, FST is exempt from certain provisions of the Exchange Act that are applicable to U.S. domestic public companies, including, among others, (1) the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations in respect of a security registered under the Exchange Act, (2) the sections of the Exchange Act requiring insiders to file public reports of their share ownership and trading activities and liability for insiders who profit from trades made in a short period of time, and (3) the rules under the Exchange Act requiring the filing