FST Corp ( (KBSX) ) has released a notification of late filing.
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FST Corp has announced a delay in filing its Form 20-F (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to the significant resources allocated to a recent business combination with Chenghe Acquisition I Co., FST Merger Ltd., and Femco Steel Technology Co., Ltd., which was completed on January 15, 2025. This transaction has required complex accounting and disclosure analysis, contributing to the delay. The company anticipates filing the report within the extension period provided by Rule 12b-25. FST Corp expects significant changes in its financial results due to restructuring activities but cannot yet provide a reasonable estimate. The company is also assessing potential accounting issues related to deferred tax assets and transaction fees. The notification was signed by CEO David Chuang, indicating ongoing compliance efforts.
More about FST Corp
YTD Price Performance: -79.53%
Average Trading Volume: 1,308,754
Technical Sentiment Signal: Buy
Current Market Cap: $13.64M
See more data about KBSX stock on TipRanks’ Stock Analysis page.