Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 55

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 55
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 waste glass, and organic waste, expanding product coverage and customer service capabilities, which we estimate will likely incur an expense of approximately $1.2 million. Domestic and international facility investment and environmental certification We plan to build or acquire processing facilities in Japan or other countries to develop in -houseprocessing capacity and ensure compliance with domestic and international environmental standards and certifications, which we estimate will likely incur an expense of approximately $1.6 million.

33 General working capital and financial stability reserves We aim to reserve a portion of net proceeds from the Offering for general working capital and financial stability reserves needs and use as daily operations, including but not limited to, funding prepaid logistics costs, team expansion, and liquidity buffers to enhance financial flexibility. This can serve as a buffer to deal with the fluctuating economic environment and at the same time provide a stable finance backup for daily operational use. The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of the Offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of the Offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of the Offering differently than as described in this prospectus. To the extent that the net proceeds we receive from the Offering are not immediately used for the above purposes, we intend to invest our net proceeds in short -term, interest -bearingbank deposits or debt instruments. These investments may have a material adverse effect on the U.S. federal income tax consequences of an investment in our Class A Ordinary Shares. It is possible that we may become a passive foreign investment company for U.S. federal income taxpayers, which could result in negative tax consequences to you. These consequences are discussed in more detail in “Taxation” on page 105. 34 DIVIDEND POLICY We have never declared or paid any cash dividends on our Class A Ordinary Shares. We do not have any present plan to pay any cash dividends on our Class A Ordinary Shares in the foreseeable future after the Offering. We currently intend to retain most, if not all, of our available funds and any future earnings to support operations and to finance the growth and development of the Operating Entity’s business. As disclosed above, we currently intend to retain all of their respective remaining funds and future earnings, if any, for the operations and expansion of the business of the Operating Entity and do not anticipate declaring or paying any dividends after listing our Class A Ordinary Shares on NASDAQ. Any future determination related to our dividend policy will be made