FST Corp sets up $10.4M at-the-market program
FST Corp. has entered into an at-the-market share sales agreement with H.C.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
6-K
Rhea-AI Filing Summary
FST Corp. has entered into an at-the-market share sales agreement with H.C. Wainwright & Co., allowing it to sell ordinary shares over time with an aggregate offering price of up to $10,400,000. Any shares will be issued under its existing Form F-3 shelf registration.
Sales, if made, can occur on the Nasdaq Global Market or other trading venues and the company is not required to sell any shares. H.C. Wainwright will receive up to 3.0% of the gross sales price. FST also filed an amended prospectus supplement that replaces an earlier supplement it determined was inadvertently filed.
Key Figures
ATM capacity: $10,400,000 aggregate offering price
Sales agent fee: 3.0% of gross sales price
Shelf registration file number: Form F-3 File No. 333-296326
+2 more
5 metrics
ATM capacity
$10,400,000 aggregate offering price
Maximum ordinary shares that may be sold under the at-the-market program
Sales agent fee
3.0% of gross sales price
Compensation to H.C. Wainwright & Co. for shares sold as sales agent
Shelf registration file number
Form F-3 File No. 333-296326
Registration statement covering the at-the-market share sales
Base prospectus date
May 28, 2026
Date of the base prospectus accompanying the Form F-3 registration
Sales Agreement date
July 6, 2026
Date FST Corp. entered into the At The Market Offering Agreement
Key Terms
At The Market Offering Agreement, shelf registration statement, prospectus supplement, Rule 415, +2 more
6 terms
At The Market Offering Agreement financial
"On July 6, 2026, FST Corp. entered into an At The Market Offering Agreement"
An at-the-market offering agreement is a contract that lets a company sell newly issued shares directly into the open market through a broker, at whatever price the stock is trading at that moment. For investors this matters because it can increase the number of shares available (which may dilute existing ownership) while providing a flexible, often faster way for the company to raise cash without fixing a price, similar to a vendor selling small batches at current market stalls rather than setting a single fixed price.
shelf registration statement regulatory
"The Shares will be offered and sold pursuant to the Company's shelf registration statement on Form F-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"the Company filed with the Commission a prospectus supplement relating to the offer and sale"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Rule 415 regulatory
"at the market offerings as defined in Rule 415 under the Securities Act of 1933"
Rule 415 is a U.S. Securities and Exchange Commission regulation that lets a company register securities ahead of time and then offer them for sale in pieces over an extended period under a “shelf” registration, so offerings can be launched quickly when market conditions suit the issuer. For investors, it signals that management has a ready way to raise capital fast—useful for seizing opportunities but potentially dilutive to existing shareholders, like a company pre-loading a credit line it can tap as needed.
Form F-3 regulatory
"registration statement on Form F-3 (Registration No. 333-296326)"
Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What at-the-market offering did FST Corp. (KBSX) establish?
FST Corp. established an at-the-market offering allowing it to sell ordinary shares with an aggregate offering price of up to $10,400,000. Shares may be sold over time through H.C. Wainwright & Co. on Nasdaq or other trading markets.
How is H.C. Wainwright compensated in FST Corp.’s ATM program?
H.C. Wainwright will receive up to 3.0% of the gross sales price for any FST Corp. shares it sells as sales agent. This fee is calculated per transaction and only applies to shares actually sold under the agreement.
Which registration statement covers FST Corp.’s at-the-market sales?
The at-the-market sales are covered by FST Corp.’s shelf registration statement on Form F-3 (File No. 333-296326) and an accompanying base prospectus dated May 28, 2026, together with a prospectus supplement filed on July 6, 2026.
Why did FST Corp. file an amended prospectus supplement?
FST Corp. determined that its original July 2, 2026 prospectus supplement was inadvertently filed. It then submitted an amended prospectus supplement on July 6, 2026, which amends and supersedes the original document in its entirety for the at-the-market offering.
Does FST Corp.’s Form 6-K itself offer or sell any securities?
The Form 6-K does not itself offer or sell securities. It states that it is filed for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy any securities in any jurisdiction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates