Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 27

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 27
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 that would be costly to defend and could limit our ability to use our proprietary transaction matching system or certain critical patents, copyrights, trademarks, or business methods. The defense and prosecution, if necessary, of intellectual property suits, interference proceedings, and related legal and administrative proceedings can become very costly and may divert our management personnel from their normal responsibilities. We may not prevail in any of these suits or proceedings. An adverse determination of any 15 litigation or defense proceedings could require us to pay substantial compensatory and punitive damages, could restrain us from using our proprietary transaction matching system or other critical patents, copyrights, patents, trademarks, business methods, or processes, and could result in us losing or not gaining valuable intellectual property rights. Furthermore, due to the voluminous amount of discovery frequently conducted in connection with intellectual property litigation, some of our confidential information could be disclosed to competitors during this type of litigation. In addition, public announcements of the results of hearings, motions, or other interim proceedings or developments in the litigation could be perceived negatively by investors and thus have an adverse effect on the trading price of our Class A Ordinary Shares. Any of the foregoing may materially and adversely affect our business, financial condition and results of operations. Our current insurance policies may not provide adequate levels of coverage against all claims and we may incur losses that are not covered by our insurance. We believe we maintain insurance coverage that is customary for businesses of our size and type. However, we may be unable to insure against certain types of losses or claims, or the cost of such insurance may be prohibitive. Uninsured losses or claims, if they occur, could have a material adverse effect on our reputation, business, financial condition, results of operations or prospects. Our operations are subject to natural disasters, adverse weather conditions, operating hazards, and labor disputes. We may experience earthquakes, floods, typhoons, power outages, labor disputes, or similar events beyond our control that would affect our operations. Some of our suppliers’ manufacturing processes involve the use of hazardous equipment, and they may also use, store, and generate volatile and otherwise dangerous chemicals and wastes during their manufacturing processes, which are potentially destructive and dangerous if not properly handled or in the event of uncontrollable or catastrophic circumstances, including operating hazards, fires and explosions, natural disasters, adverse weather conditions, and major equipment failures, for which we cannot obtain insurance at a reasonable cost or at all. In addition, since most of our suppliers are located in Japan, the occurrence of any natural disaster, unanticipated catastrophic event, or