Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 18

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 18
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 performance. For the fiscal years ended March 31, 2025 and 2024, our major customer accounted for 33.95% and 35.80% of our total revenues, respectively. We cannot assure you that our major customer will continue to purchase the products from us in the future. A high concentration of revenue from our major customer means that loss of business from it may have a material adverse effect on our business, financial condition and results of operations. If we are unable to manage our growth or execute our strategies effectively, our business and prospects may be materially and adversely affected. While our business has demonstrated consistent growth in recent years, there are inherent risks associated with our expansion plans. Although we anticipate continued revenue increase and aim to broaden our scope beyond waste paper and scrap metal categories, as well as expand our cross -bordertrade operations globally, there is no guarantee that we will effectively manage our growth or successfully execute our strategies. Moreover, the outcomes of our new business initiatives cannot be assured. If we encounter challenges in managing our growth or executing our strategies proficiently, our expansion efforts may not yield the desired results, potentially having a material and adverse impact on our business and prospects. If we are not able to manage our growth or execute our strategies effectively, our expansion may not be successful, and our business, financial condition, results of operations and prospects may be materially and adversely affected. In addition, our new business initiatives, such as broadening our scope beyond waste paper and scrap metal categories and expanding our cross -bordertrade operations globally, may subject us to new or different laws, regulations or tax consequences. If we fail to comply with the newly applicable laws, regulations or tax consequences, or complying with them is too burdensome, our expansion may not be successful, and our business, financial condition, results of operations and prospects may be materially and adversely affected. We rely on third-party logistics service providers to pick up and deliver our products, and our operations could be disrupted if there is any deterioration of our relationships with these third-party logistics service providers. We rely on third -partylogistics service providers to deliver the products from the suppliers to the customers. For domestic delivery, we depend on third -partyland logistics service providers, and for export transactions, we are dependent on land logistics service providers for picking up products from the suppliers and transporting the products to the ports and on third -partyinternational ocean freight service providers to ship the products to the designated ports through international ocean freights. As we do not generally enter into long -