Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 55

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 55
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____________ (1)The as adjusted information is illustrative only, and we will adjust this information based on the actual initial public offering price and other terms of the Offering determined at pricing. Based upon the assumed initial public offering price of $[ ] per Class A Ordinary Share, representing the midpoint of the estimated price range set forth on the cover page of this prospectus, we estimate that the net proceeds we will receive, after deducting the underwriting discounts, non -accountableexpense allowance, deferred IPO costs, and estimated offering expenses payable by us will be approximately $[ ] million, if the underwriter’s over -allotmentoption is not exercised, and $[ ] million, if the Underwriter’s over -allotmentoption is exercised in full.

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DILUTION If you invest in our Class A Ordinary Shares, your interest will be diluted for each Class A Ordinary Share you purchase to the extent of the difference between the initial public offering price per Class A Ordinary Share and our net tangible book value per Class A Ordinary Share after the Offering. Dilution results from the fact that the initial public offering price per Class A Ordinary Share is substantially in excess of the net tangible book value per Class A Ordinary Share attributable to the existing shareholders for our presently outstanding Class A Ordinary Shares. Our negative net tangible book value as of [March 31, 2025] was $2,222,110, or $222.21 per Class A Ordinary Share. Net tangible book value represents the amount of our total consolidated tangible assets, less the amount of our total consolidated liabilities. Dilution is determined by subtracting the adjusted net tangible book value per Class A Ordinary Share from the initial public offering price per Class A Ordinary Share and after deducting the estimated underwriting discounts and non -accountableexpenses to the underwriter and the estimated offering expenses payable by us. After giving further effect to our sale of Class A Ordinary Shares in the Offering at an assumed initial public offering price of $[ ] per Class A Ordinary Share, which is the midpoint of the price range set forth on the cover page of this prospectus, and after deducting estimated offering expenses payable by us, our as adjusted net tangible book value as of [March 31, 2025] is approximately $[ ], or approximately $[ ] per Class A Ordinary Share. This represents an immediate increase in as adjusted net tangible book value per Class A Ordinary Share of $[] to our existing shareholders