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FST Corp ( (KBSX) ) has shared an announcement.
FST Corp., the post-SPAC parent of Femco Steel Technology Co., has disclosed further details of its financing arrangements surrounding its merger with Chenghe Acquisition I Co., under which Chenghe merged into a wholly owned FST Corp. subsidiary and was renamed FST Ltd. On December 27, 2024, the company and Femco Steel Technology entered into a prepaid share forward transaction with Harraden Circle Investors and Harraden Circle Special Opportunities covering up to 3 million Class A shares, with an initial price tied to the SPAC redemption price and a prepayment made at the close of the business combination; the investors also agreed to waive most redemption rights on these shares, supporting deal completion and post-merger float. On January 9, 2026, FST Corp. signed an amendment extending the valuation and maturity date of the share forward from 12 to 24 months after the business combination’s closing, effectively lengthening the life of this structured financing and potentially smoothing the company’s capital structure and share overhang over a longer post-merger period, while leaving all other terms in force.
The most recent analyst rating on (KBSX) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on FST Corp stock, see the KBSX Stock Forecast page.
Spark’s Take on KBSX Stock
According to Spark, TipRanks’ AI Analyst, KBSX is a Underperform.
KBSX’s overall stock score is primarily impacted by its poor financial performance and weak valuation. The technical analysis also indicates bearish trends, further contributing to the low score. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on KBSX stock, click here.
More about FST Corp
FST Corp. is a Cayman Islands–incorporated holding company tied to Femco Steel Technology Co., Ltd., a Taiwan-based steel technology business. The group is focused on industrial steel-related products and services, and its shares (under ticker KBSX) trade on Nasdaq following a business combination with special purpose acquisition company Chenghe Acquisition I Co., giving it access to U.S. capital markets and a broader international investor base.
Average Trading Volume: 9,541
Technical Sentiment Signal: Sell
Current Market Cap: $60.43M
Learn more about KBSX stock on TipRanks’ Stock Analysis page.