Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 16

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 16
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ensation discussion and analysis”; •are not required to obtain an attestation and report from our independent registered accounting firm on our management’s assessment of our internal control over financial reporting pursuant to the Sarbanes -OxleyAct of 2002; 7 •are not required to obtain a non -bindingadvisory vote from our shareholders on executive compensation or golden parachute arrangements (commonly referred to as the “say -on -pay,” “say -onfrequency” and “say -on - golden-parachute” votes); •are exempt from certain executive compensation disclosure provisions requiring a pay -for -performancegraph and CEO pay ratio disclosure; •are eligible to claim longer phase -inperiods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act; and •will not be required to conduct an evaluation of our internal control over financial reporting for two years. We intend to take advantage of all of these reduced reporting requirements and exemptions, including the longer phase -inperiods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act. Our election to use the phase -inperiods may make it difficult to compare our financial statements to those of non -emerginggrowth companies and other emerging growth companies that have opted out of the phase -inperiods under §107 of the JOBS Act. Under the JOBS Act, we may take advantage of the above -describedreduced reporting requirements and exemptions for up to five years after our initial sale of common equity pursuant to a registration statement declared effective under the Securities Act of 1933, as amended, herein referred to as the Securities Act, or such earlier time that we no longer meet the definition of an emerging growth company. We will remain an emerging growth company until the earliest of: (i) the last day of the first fiscal year in which our annual gross revenue exceeds $1.235 billion; (ii) the last day of the fiscal year during which the fifth anniversary of the date of the Offering occurs; (iii) the date that we become a “large accelerated filer” as defined in Rule 12b -2under the Exchange Act, which would occur if the market value of our Class A Ordinary Shares that are held by non -affiliatesexceeds $700 million as of the last business day of our most recently completed second fiscal quarter; or (iv) the date on which we have issued more than $1.00 billion in non -convertibledebt