Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 53

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 53
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 conjunction with (i) the SPAC’s audited financial statements and the related notes as of and for the years ended December 31, 2024; and (ii) the FST’s audited consolidated financial statements and the related notes as of and for the year ended December 31, 2024; included elsewhere in this prospectus. The unaudited pro forma 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 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. The following table summarizes the number of the Combined Company’s ordinary shares issued and outstanding as of January 23, 2025 immediately following the consummation of the Business Combination, excluding the potential dilutive effect of the exercise or vesting of warrants:

|                                                         |     |  Number of 
   Ordinary 
     Shares |   |     |     Share 
 Ownership 
         % |   |
| Shares issued to FST Shareholders                       |     | 37,749,381 |   |     |     84.32 | % |
| Shares issued FST Advisor                               |     |  1,986,809 |   |     |      4.44 | % |
| Shares issued Unaffiliated SPAC Public Shareholders     |     |  1,779,813 | * |     |      3.98 | % |
| Shares issued Holder of Converted SPAC Public Shares(3) |     |    700,000 |   |     |      1.56 | % |
| Shares issued Holders of Founder Shares(4)              |     |  2,550,000 |   |     |      5.70 | % |
| Pro forma ordinary shares of the Post-Closing Company   |     | 44,766,003 |   |     |       100 | % |

____________ *This includes shares held by Harraden Circle Investors, LP and Harraden Circle Special Opportunities, LP .

31

UNAUDITED PRO FORMA COMBINED CONSOLIDATED BALANCE SHEET
AS OF December 31, 2024 (US$ in thousands, except for