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  • 14,399,985 Ordinary Shares Issuable Upon the Exercise of Outstanding Warrants, Each Exercisable At an Exercise Price of $11.50 Per Share (new) — A large warrant overhang exists with an exercise price far above the current market price, posing significant potential dilution to new investors if exercised.
NASDAQ: KBSX FST Corp. 424B5

FST Corp. launches at-the-market offering of up to $10.4M ordinary shares at $0.96 per share

Filed July 6, 2026 · ~1 min read

Key Changes

  • high

    FST Corp. is conducting an at-the-market offering of up to 10,778,318 ordinary shares, with sales at prevailing market prices rather than a fixed price.

    The Offering verify on EDGAR →
  • high

    The company estimates net proceeds of approximately $9.68 million after a 3% commission to Wainwright and offering expenses, to be used for working capital and general corporate purposes.

    Use of Proceeds verify on EDGAR →
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    New investors face immediate dilution of about $0.56 per share, as the assumed offering price of $0.9649 exceeds the as-adjusted net tangible book value of $0.40 per share.

    Dilution verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify