Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 1

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 1
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 for the public warrants of Chenghe that were issued in the initial public offering of Chenghe and concurrent private placement. Chenghe initially issued 6,500,000 public warrants and 7,900,000 private placement warrants, which were exchanged on a one -for-onebasis for Warrants to purchase our Ordinary Shares. As of the date of this prospectus, 14,399,985 Warrants remain outstanding, consisting of 6,499,985 held by public shareholders and 7,900,000 held by the Sponsor. This prospectus also relates to the resale from time to time by the Selling Securityholders named in this prospectus or their pledgees, donees, transferees, assignees or other successors in interest (that receive any of the securities as a gift, distribution, or other non -salerelated transfer) (collectively, the “Selling Securityholders”) of up to 35,184,834 Ordinary Shares. See “ Selling Securityholders” for the details of these securities. Pursuant to lock -upagreements entered into with the applicable parties, all holders of Ordinary Shares as of the Closing, excluding Chenghe’s public shareholders prior to the closing of the Business Combination, agreed, among other things, that such party’s Ordinary Shares may not be transferred for a period of six months after the Closing. Following the closing of the Business Combination, of the 44,766,003 Ordinary shares that were issued and outstanding as of the Closing Date, approximately 35,184,834 Ordinary Shares (or approximately 78.60% of the total issued and outstanding Ordinary Shares) were subject to a lock -upfor up to six months after Closing. Because the prices at which certain Selling Securityholders acquired the securities that they may sell pursuant to this prospectus may be lower than that of our public shareholders, certain Selling Securityholders may experience a positive rate of return on the securities that they sell pursuant to this prospectus and be incentivized to sell such shares, when our public shareholders may not experience a similar rate of return. In such event, such Selling Securityholders may have an incentive to sell their securities even if the trading price is lower than the price at which our public shareholders purchased their securities. The trading price of the Ordinary Shares have fluctuated since the closing of

the Business Combination on January 15, 2025, and may continue to fluctuate. As a result, our public shareholders may not be able to achieve any positive return at all on the Ordinary Shares if