Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 5

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 5
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 B Ordinary Shares” are to the Class B Ordinary Shares of Seahawk, with no par value; •“Company,” “Seahawk,” “we”, “us”, or “our,” are to Seahawk Recycling Holdings, Inc., a British Virgin Islands business company limited by shares, and to describing our consolidated financial information; •“Memorandum and Articles” are to the current amended and restated memorandum and articles of association of Seahawk; •“Operating Entity” are to our wholly -ownedsubsidiary, Kaiyo Japan Co., Ltd, a Japanese corporation; •“Ordinary Shares” are to the Class A Ordinary Shares and Class B Ordinary Shares, collectively, of Seahawk; •“Top Edge” are to our wholly -ownedsubsidiary, TOP EDGE DEVELOPMENTS LIMITED ( 頂鋒發展有限公司), a business company limited by shares incorporated in the British Virgin Islands that does not have active operations as of the date of this prospectus; •“U.S. GAAP” refers to generally accepted accounting principles in the United States; and Unless the context indicates otherwise, all information in this prospectus assumes no exercise by the underwriter of its over -allotmentoption. We do not have any material operations of our own. We are a holding company with operations conducted in Japan through the Operating Entity using Japanese yen (“JPY” or “¥”), the currency of Japan. The functional currency and reporting currency of the Company are the United States Dollars (“US$” or “$”), and the Operating Entity’s functional currency is Japanese yen. This prospectus contains translations of certain foreign currency amounts into U.S. dollars for the convenience of the reader, and they were calculated at the noon buying rate of US$1 = JPY149.90, as published on March31, 2025 in H.10 statistical release of the United States Federal Reserve Board. No representation is made that the JPY amounts could have been, or could be, converted, realized or settled into US$ at such rate or at any other rate. iii PROSPECTUS SUMMARY The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and financial statements included elsewhere in this prospectus. In addition to this summary, we urge you to read the entire prospectus carefully, especially the risks of investing in our Class A Ordinary Shares, discussed under “Risk Factors” on page 10, before deciding whether to buy our Class A Ordinary