Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 54

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 54
---
   |     |             |       — |   |     |    |     |           |     164 |   |
| Total equity                                                                                                                                                                                        |     |      | (8,470 | ) |     |     | 22,998 |   |     |             |     738 |   |     |    |     |           |  15,266 |   |
| Total Liabilities, Redeemable Ordinary Shares and Shareholders’ Equity                                                                                                                              |     | $    | 41,747 |   |     | $   | 58,581 |   |     | $           | (41,735 | ) |     |    |     | $         |  58,593 |   |

33 Unaudited Pro Forma Combined Consolidated Balance Sheet Adjustments The Transaction Accounting Adjustments to the unaudited combined consolidated pro forma balance sheet consist of the following: (1)Reflects the release of cash from the cash held in the Trust Account. (2)Reflects holders of 1,754,618 Class A ordinary shares exercised their right to redeem their shares for cash at a redemption price of approximately $11.81 per share, for an aggregate redemption amount of approximately $20.7 million, which was subsequently paid upon the closing of the Business Combination. (3)Reflects (i) the contribution of all the share capital in FST to SPAC; and (ii) recapitalization of FST through issuance of SPAC shares and eliminate SPAC historical accumulated earnings. (4)Reflects the $300,000 of promissory note and $103,627 of accrued expenses of SPAC settled by cash repayment from Trust Account upon completion of Business Combination. (5)Reflects the payment of $20,605,656 according to the prepaid share forward agreement the Group entered into with certain parties on January 15, 2025, detail please refer to Note 6 of financial statements of FST Ltd. (6)To reflect the elimination of transaction costs payable (extension deposits) paid by FST on behalf of SPAC. 34

UNAUDITED PRO FORMA COMBINED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024

|                                                                       |     | SPAC |           |   |     | FST |            |   |     | Transaction 
 Accounting  
 Adjustments |        |   |     |    |   |     | Pro Forma 
 Income