Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 49

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 49
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the “Closing Date”), FST Corp., a Cayman Islands exempted company with limited liability, consummated the previously announced business combination pursuant to the Business Combination Agreement, dated as of December 22, 2023 (the “Business Combination Agreement”), by and among Femco, Chenghe. The transactions contemplated by the Business Combination Agreement are referred to herein as the “Business Combination”. Pursuant to the Business Combination Agreement, (i) each Chenghe Unit (“SPAC Unit”) outstanding immediately prior to the Merger Effective Time, consisting of one (1) SPAC Class A Ordinary Share and one -half(1/2) of one (1) SPAC Warrant, automatically separated (“Unit Separation”) and the holder thereof was deemed to hold one (1) SPAC Class A Ordinary Share and one -half(1/2) of one (1) SPAC Warrant; (ii) each SPAC Class B Ordinary Share that was issued and outstanding immediately prior to the Merger Effective Time automatically converted into one (1) SPAC Class A Ordinary Share (the “SPAC Class B Conversion”) and each SPAC Class B Ordinary Share was automatically cancelled and cease to exist; (iii) each SPAC Class A Ordinary Share (which for the avoidance of doubt, includes the SPAC Class A Ordinary Shares (A) issued in connection with the SPAC Class B Conversion; and (B) held as a result of Unit Separation) was cancelled in exchange for the right to receive one (1) FST Ordinary Share; and (iv) each SPAC Warrant that was outstanding and unexercised automatically converted into the right to receive a FSTFST Warrant, which is on the same terms and conditions as the applicable SPAC Warrant. Introduction The following unaudited pro forma condensed combined consolidated ﬁnancial information presents the combination of the ﬁnancial information of FST and SPAC adjusted to give effect to the Business Combination and related transactions. It is provided to aid you in your analysis of the financial aspects of the transactions. Deﬁned terms included below have the same meaning as terms deﬁned and included elsewhere in this Prospectus. The following unaudited pro forma condensed combined consolidated ﬁnancial information has been prepared in accordance with Article 11 of Regulation S -X. The historical ﬁnancial information of FST was derived from the audited consolidated ﬁnancial statements of FST as at and for the year ended