Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 161

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 161
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, proxy statements and other information about issuers, such as us, who file electronically with the SEC. The address of that website is http: // www.sec.gov. The information on that website is not a part of this prospectus. No dealers, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus. You must not rely on any unauthorized information or representations. This prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date. 120

SEAHAWK RECYCLING HOLDINGS, INC.
INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS

| Contents                                                                                                          
 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID: 7154)                                          
 CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2025 AND 2024                                                         
 CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED MARCH 31, 2025 AND 2024 |     | Page 
 F-2  
 F-3  
 F-4  |
|:------------------------------------------------------------------------------------------------------------------|:----|:-----|
| CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE YEARS ENDED MARCH 31, 2025 AND 2024            |     | F-5  |
| CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED MARCH 31, 2025 AND 2024                                 |     | F-6  |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                                                        |     | F-7  |

F-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Board of Directors and stockholders of
Seahawk Recycling Holdings, Inc. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Seahawk Recycling Holding, Inc. (the “Company”) as of March 31, 2025 and 2024, the related consolidated statements of operations and comprehensive income (loss), changes in shareholders ‘equity and cash flows for each of the years in the two -yearperiod ended March 31, 2025, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion,