Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 53

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 53
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us; and •FST’s unaudited consolidated balance sheet as of June30, 2024 and the related notes for the six months ended June30, 2024, included elsewhere in this Prospectus. The unaudited pro forma combined statement of operations for the six months ended June 30, 2024 have been prepared using, and should be read in conjunction with, the following: •SPAC’s unaudited condensed statement of operations for the six months ended June30, 2024 and the related notes, included elsewhere in this Prospectus; and •FST’s unaudited consolidated statement of operations for the six months ended June30, 2024 and the related notes, included elsewhere in this Prospectus. The unaudited pro forma condensed combined consolidated statement of operations for the year ended December 31, 2023 have been prepared using, and should be read in conjunction with, the following: •SPAC’s audited statement of operations for the year ended December31, 2023 and the related notes, included elsewhere in this Prospectus; and •FST’s audited consolidated statement of operations for the year ended December31, 2023 and the related notes, included elsewhere in this Prospectus. The unaudited pro forma condensed combined consolidated financial information is for illustrative purposes only. The financial results may have been different had the companies always been combined. You should not rely on the unaudited pro forma condensed combined consolidated financial information as being indicative of the historical results that would have been achieved had the companies always been combined or the future results that the combined company will experience. FST and SPAC have not had any historical relationship prior to the Transactions. Accordingly, no pro forma adjustments were required to eliminate activities between the companies. There is no historical activity with respect to FST and Merger Sub accordingly, no adjustments were required with respect to these entities in the pro forma combined financial statements. 29

UNAUDITED PRO FORMA CONDENSED COMBINED CONSOLIDATED BALANCE SHEET
AS OF JUNE 30, 2024 (US$ in thousands, except for share and per share data, or otherwise noted)

| ASSETS                                                                                                                                                  
 Current assets:                                                                                                                                         |     | SPAC |        |     | FST |        |     | Scenario 1            
 Assuming No           
 Redemptions into Cash 
 Transaction           
 Accounting            
 Adjustments           |         |   |     |       |     | Pro     
 Forma   
 Balance