Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 244

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 244
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     | $ |   260,000 |     | $ | —           |     | $ |            — |
| Warrant liabilities – Private Placement Warrants |     |   |      343,566 |     |   |         — |     |   | —           |     |   |      343,566 |
|                                                  |     | $ |      603,566 |     | $ |   260,000 |     | $ | —           |     | $ |      343,566 |

|                                                  |     |   | December 31, 
         2023 |     |   |    Quoted 
 Prices in 
    Active 
   Markets 
 (Level 1) |     |   | Significant 
 Other       
 Observable  
 Inputs      
 (Level 2)   |     |   |  Significant 
        Other 
 Unobservable 
       Inputs 
    (Level 3) |
|:-------------------------------------------------|:----|:--|-------------:|:----|:--|----------:|:----|:--|:------------|:----|:--|-------------:|
| Liabilities:                                     |     |   |              |     |   |           |     |   |             |     |   |              |
| Warrant liabilities – Public Warrants            |     | $ |       65,000 |     | $ |    65,000 |     | $ | —           |     | $ |            — |
| Warrant liabilities – Private Placement Warrants |     |   |       79,000 |     |   |         — |     |   | —           |     |   |       79,000 |
|                                                  |     | $ |      144,000 |     | $ |    65,000 |     | $ | —           |     | $ |       79,000 |

The Public Warrants and the Private Placement Warrants are accounted for as liabilities in accordance with ASC 815 -40and are presented within liabilities on the balance sheets. The warrant liabilities were measured at fair value at inception and remeasured on a recurring basis, with changes in fair value presented within change in fair value of warrant liabilities in the statements of operations.

F-59

FST LTD.
(FORMERLY CHENGHE ACQUISITION I CO.)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 AND 2023 NOTE 9 — FAIR VALUE