Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 34

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 34
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s $700 million as of the prior September 30 and (2) the date on which we have issued more than $1.0 billion in non -convertibledebt during the prior three -yearperiod. An emerging growth company may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to public companies. These provisions include exemption from the auditor attestation requirement under Section 404 in the assessment of the emerging growth company’s internal control over financial reporting and permission to delay adopting new or revised accounting standards until such time as those standards apply to private companies. Compliance with these rules and regulations increases our legal and financial compliance costs and makes some corporate activities more time -consumingand costly. After we are no longer an “emerging growth company,” or until five years following the completion of our initial public offering, whichever is earlier, we expect to incur significant expenses and devote substantial management effort toward ensuring compliance with the requirements of Section 404 and the other rules and regulations of the SEC. For example, as a public company, we may be required to increase the number of independent directors and adopt policies regarding internal controls and disclosure controls and procedures. We may invest in obtaining director and officer liability insurance. In addition, we may incur additional costs associated with our public company reporting requirements. It may also be more difficult for us to find qualified persons to serve on our board of directors or as executive officers. We are currently evaluating and monitoring developments with respect to these rules and regulations, and we cannot predict or estimate with any degree of certainty the amount of additional costs we may incur or the timing of such costs. Following the Offering, WISDOM FOCUS GROUP LTD., our controlling shareholder, will continue to own more than a majority of the voting power of our outstanding Ordinary Shares. As a result, WISDOM FOCUS GROUP LTD. will have the ability to control the outcome of matters submitted to the shareholders for approval. Additionally, we may be deemed to be a “controlled company” and may follow certain exemptions from certain corporate governance requirements that could adversely affect our public shareholders. Upon completion of the Offering, our controlling shareholder, WISDOM FOCUS GROUP LTD., will beneficially own approximately 90.83% of the aggregate voting power of our outstanding Ordinary Shares, among which 14.59% of the voting power stems from 13,506,220 Class A Ordinary Shares and 76.24% stems from 3,529,500 Class B Ordinary Shares it holds,], assuming no exercise of the underwriter’s over