Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 56

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 56
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 existing FST Shareholders and FST Advisor      |     |        85.50 | % |     |        88.85 | % |     |       90.58 | % |
|                                                                           |     |        100.0 | % |     |        100.0 | % |     |       100.0 | % |

____________ (1)As of June 30, 2024, there were 3,941,873 SPAC Public Shares issued and outstanding held by unaffiliated SPAC Public Shareholders and 1,058,127 SPAC Public Shares held by New SPAC Sponsor. Adjusted by reflecting the redemption of 407,442 Public Shares in connection with the Third Extension Amendment Proposal on October 25, 2024. (2)On November 16, 2023, 1,058,127 Founder Shares held by the New SPAC Sponsor were converted into the same number of SPAC Public Shares by election of the New SPAC Sponsor. (3)As of June 30, 2024, there were 2,191,873 Founder Shares issued and outstanding, of which 600,000 were held by Old SPAC Sponsor and 1,591,873 held by New SPAC Sponsor. Net loss per share The unaudited pro forma condensed combined consolidated basic and diluted earnings per share calculations are based on the sum of the historical SPAC weighted average number of redeemable shares outstanding of 3,534,431, converted SPAC public shares of 1,058,127 and non -redeemableshares outstanding of 2,191,873 under all three scenarios for the six months ended June 30, 2024 adjusted by (a) approximately 40,000,000 consideration shares estimated, derived from the shares outstanding and weighted average shares outstanding as presented in the pro forma condensed combined consolidated financial statements (after rounding adjustment), to be issued in connection with the Business Combination; and (b) redemption of nil share under no redemption scenario, 1,767,215share under intermediate redemption scenario and 2,624,539shares under maximum redemption scenario.

35

For the purposes of calculating the weighted average number of shares of Company ordinary shares outstanding, the effects of outstanding warrants and exchangeable units to purchase ordinary shares and employee share option plans were not considered in the calculation of diluted loss per share, since the inclusion of such warrants and options would be anti -dilutive.

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