Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 43

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 43
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 or may be delisted, which could negatively impact the price of our Class A Ordinary Shares and your ability to sell them. We will seek to have our Class A Ordinary Shares approved for listing on the NASDAQ Capital Market upon consummation of the Offering. We cannot assure you that we will be able to meet those initial listing requirements at that time. Even if our Class A Ordinary Shares are listed on the NASDAQ Capital Market, we cannot assure you that our Class A Ordinary Shares will continue to be listed on the NASDAQ Capital Market. In addition, following the Offering, in order to maintain our listing on the NASDAQ Capital Market, we will be required to comply with certain rules of NASDAQ Capital Market, including those regarding minimum shareholders’ equity, minimum share price and certain corporate governance requirements. Even if we initially meet the listing requirements and other applicable rules of the NASDAQ Capital Market, we may not be able to continue to satisfy these requirements and applicable rules. If we are unable to satisfy the NASDAQ Capital Market criteria for maintaining our listing, our Class A Ordinary Shares could be subject to delisting. If the NASDAQ Capital Market delists our Class A Ordinary Shares from trading, we could face significant consequences, including: •a limited availability for market quotations for our Class A Ordinary Shares; •reduced liquidity with respect to our Class A Ordinary Shares; •a determination that our Class A Ordinary Share is a “penny stock,” which will require brokers trading in our Class A Ordinary Share to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our Class A Ordinary Share; •limited amount of news and analyst coverage; and •a decreased ability to issue additional securities or obtain additional financing in the future. Because our Operating Subsidiary’s business is conducted in Japanese yen and the price of our Class A Ordinary Shares is quoted in United States dollars, changes in currency conversion rates may affect the value of your investments. Substantially all of our Operating Subsidiary’s business is conducted in Japan, our books and records are maintained in Japanese yen, which is the currency of Japan, and the financial statements that we file with the SEC and provide to our shareholders are presented in United States dollars. Changes in the exchange rate between the Japanese yen and U.S. dollar affect the value of our assets and the results of our operations in United States dollars. The value of the Japanese yen against the United States dollar and other currencies may fluctuate and is affected by, among other things