Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 78

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 78
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. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of inputs are: •Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets; •Level 2 — Include other inputs other than quoted prices in active market; and •Level 3 — Unobservable inputs which are supported by little or no market activity that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The fair value guidance describes three main approaches to measure the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. When available, we use quoted market prices to determine the fair value of an asset or liability. If quoted market prices are not available, we will measure fair value using valuation techniques that use, when possible, current market -basedor independently sourced market parameters, such as interest rates and currency rates. Our financial assets and liabilities primarily consist of cash and cash equivalents, accounts receivable, short -terminvestments, other receivables included in prepayments and other current assets, long -termborrowings, accounts payable and other payables included in accrued expenses and other current liabilities. As of March 31, 2025 and 2024, the carrying values of current assets and current liabilities approximated their fair values reported in the consolidated balance sheets due to the short -termmaturities of these instruments. Our non -financialassets, such as property and equipment, intangible assets and operating lease right -of -useassets, would be measured at fair value only if they were determined to be impaired. Assets measured at fair value on a recurring basis as of March 31, 2025 are summarized below:

| Fair Value Measurements as of March 31, 2025                        |     |   |    Quoted Prices 
        in Active 
      Markets for 
 Identical Assets 
        (Level 1) |     |   | Significant 
 Other