FST Corp Sets $10.4M ATM Equity Program With 3% Sales Commission
KBSX•FST Corp has launched a $10.4 million at-the-market equity offering program, enabling sales of ordinary shares through H.C. Wainwright & Co. at prevailing market prices with a 3.0% commission. The company plans to use net proceeds for working capital, global sales expansion, new product development, marketing and strategic acquisitions.
1. ATM Program Details
FST Corp has established an at-the-market equity offering program allowing issuance of up to $10.4 million of ordinary shares. Sales will occur periodically on or through the Nasdaq Global Market, to market makers off-exchange, or directly to H.C. Wainwright as principal.
2. Commission and Sales Mechanism
Under the Sales Agreement dated June 28, 2026, H.C. Wainwright & Co. will act as sales agent or principal, earning a fixed 3.0% commission on gross proceeds. Neither party is obligated to transact a minimum amount, and FST may suspend or terminate the program at any time.
3. Use of Proceeds and Strategic Goals
Net proceeds are earmarked for working capital and general corporate purposes, including expanding global sales and distribution, investing in new product development and marketing, and supporting potential strategic acquisitions, partnerships or joint ventures to fuel long-term growth.
