Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 12

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 12
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 initial listing requirements and other rules of NASDAQ Capital Market, although we are exempt from certain corporate governance standards applicable to US issuers as a Foreign Private Issuer, our Class A Ordinary Shares may not be listed or may be delisted, which could negatively impact the price of our Class A Ordinary Shares and your ability to sell them (see page 25 of this prospectus); 4 •Because our Operating Subsidiary’s business is conducted in Japanese yen and the price of our Class A Ordinary Shares is quoted in United States dollars, changes in currency conversion rates may affect the value of your investments (see page 25 of this prospectus); •Volatility in our Class A Ordinary Shares price may subject us to securities litigation (see page 25 of this prospectus); •We have broad discretion in the use of the net proceeds from the Offering and may not use them effectively (see page 26 of this prospectus); •Our existing shareholders will be able to sell their Class A Ordinary Shares after completion of the Offering subject to restrictions under the Rule 144 (see page 26 of this prospectus); •There can be no assurance that we will not be deemed a passive foreign investment company, or PFIC, for U.S. federal income tax purposes for any taxable year, which could result in adverse U.S. federal income tax consequences to U.S. holders of our ordinary shares (see page 26 of this prospectus); •Our lack of effective internal controls over financial reporting may affect our ability to accurately report our financial results or prevent fraud, which may affect the market for and price of our Class A Ordinary Share (see page 26 of this prospectus);and •The price of our Class A Ordinary Shares could be subject to rapid and substantial volatility, and such volatility may make it difficult for prospective investors to assess the rapidly changing value of our Class A Ordinary Shares. Corporate History and Holding Company Structure The Operating Entity was established on March 5, 2013, as a limited company under the laws of Japan. Top Edge was established on February 18, 2022, as a business company with limited liability incorporated in the BVI that does not have active operations as of the date of this prospectus. Before the completion of the Offering, we completed a reorganization of our corporate structure in the following steps: •on February27, 2025, the Company was incorporated under the laws of the BVI as a business company with limited liability; •on March10, 2025, the Company acquired