Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 43

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 43
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 jurisdictions, which could materially and adversely affect its business, financial condition and results of operations and result in a diversion of the time and resources of FST’s management and board of directors. FST may redeem unexpired warrants prior to their exercise at a time that is disadvantageous to warrant holders, thereby making their warrants worthless, and exercise of a significant number of FST Warrants could adversely affect the market price of FST Ordinary Shares. Under the Warrant Agreement, SPAC has, and pursuant to the Assignment, Assumption and Amendment Agreement to be entered into upon Closing, FST will have the ability to redeem outstanding warrants at any time after they become exercisable, at a price of $0.01 per warrant and upon a minimum of 30 days’ prior written notice of redemption provided that the reported closing price of SPAC Class A Ordinary Shares (or as the case may be, FST Ordinary Shares) meets the condition as discussed in more details in the section titled “ Description of Securities — Warrants — Public Warrants.” The trading price of FST’s securities may fluctuate following the Closing, and can vary due to general economic conditions and forecasts, our general business condition and the release of our financial reports. If and when the warrants become redeemable by FST, FST may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption of the outstanding warrants could force the holders thereof to: (1) exercise the warrants and pay the exercise price therefor at a time when it may be disadvantageous for the warrant holders to do so; (2) sell the warrants at then -currentmarket price when the warrant holders might otherwise wish to hold the warrants; or (3) accept the nominal redemption price which, at the time the outstanding warrants are called for redemption, is likely to be substantially less than the market value of the warrants. In the event that FST elects to redeem all of the outstanding warrants, it would only be required to have the notice of redemption mailed by first class mail, postage prepaid, by us not less than thirty (30) days prior to the redemption date to the registered holders of the outstanding warrants to be redeemed at their last addresses as they shall appear on the registration books. 22 FST does not intend to apply for the listing of the FST Warrants on any stock exchange after the Closing, holders of SPAC Public Warrants whose warrants are converted to FST Warrants upon Closing could face adverse consequences