Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 39

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 39
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 if they do not publish research reports about its business or if they issue unfavorable commentary or downgrade the Company’s ordinary shares, the price of ordinary shares could decline. The trading market for the Company’s ordinary shares will rely in part on the research reports that equity research analysts publish about the Company and its business. The analysts’ estimates are based upon their own opinions and are often different from the Company’s estimates or expectations. If the results of operations of the Company are below the estimates or expectations of equity research analysts and investors, the price of the Company’s ordinary shares could decline. Moreover, the price of ordinary shares could decline if one or more equity research analysts downgrade the Company’s ordinary shares or if those analysts issue other unfavorable commentary or cease publishing reports about the Company or its business. Sales of a substantial number of our securities in the public market by our existing shareholders could cause the price of the Ordinary Shares to fall, and certain Selling Securityholders may earn a positive rate of return on their investment, even if certain other shareholders experience a negative rate of return. Sales of substantial amounts of our Ordinary Shares in the public market, or the perception that such sales could occur, could materially and adversely affect the market price of our Ordinary Shares. Certain of our shareholders, including some of the Selling Securityholders, acquired or may acquire Ordinary Shares at prices below the current trading price and may realize a positive rate of return based on current market conditions. This prospectus relates to the offer and resale from time to time by the Selling Securityholders of up to 35,184,834 Ordinary Shares. The Selling Securityholders may sell all or a portion of their securities in accordance with this prospectus. Depending on the market price at the time of sale, they may receive a return on their investment that is greater than the price paid by other shareholders of the Company. Public shareholders may have paid significantly more than the Selling Securityholders for any Ordinary Shares they purchased in the open market, given fluctuations in market price. As a result, public shareholders may not realize any return and could experience a loss on their investment, even while the Selling Securityholders realize a gain. 22 In addition, the resale of substantial amounts of our Ordinary Shares could impair our ability to raise capital in the future through the issuance of equity securities. The trading price of our Ordinary Shares has fluctuated since the closing of the Business Combination on January15, 2025, and may continue to fluctuate significantly, which could adversely affect investor confidence and our access to future financing. The Company’s issuance of additional share