Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 20

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 20
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 system to adapt to market conditions could have a material and adverse effect on our business, financial condition and results of operations. We are dependent upon our suppliers, and our operations could be disrupted if our relationships with our suppliers are compromised. We rely on our suppliers to provide all of our products. For our waste paper recycling business, we source waste paper from collection companies and purchase recycled paper pulp from pulp mills; for our scrap metal recycling business, we purchase obsolete metal products from collection companies and buy dismantled wires from dismantling factories. Our reliance on our suppliers makes us vulnerable to possible capacity constraints and reduced control over product availability, delivery schedules, and costs. Furthermore, as we do not generally enter into long -termsupply agreements with our suppliers but source the products by placing fixed -termpurchase orders on a deal -by -dealbasis instead, we may not be successful in negotiating favorable terms pertaining to the quantities, the time schedule and location for us to pick up the products, the amount of consideration, and other necessary matters every time we place 11 purchase orders in the future. If we are compelled to place purchase orders on less favorable terms than we previously and currently have with our suppliers, or there are any adverse changes in our relationships with our suppliers, our business, financial condition and results of operations may be materially and adversely affected. In addition, we may be negatively impacted by the potential deterioration in the financial conditions of our suppliers. If our suppliers become unable or unwilling to sell us the products in sufficient volumes, at favorable prices, on a timely basis due to the potential low profitability of the products, their financial conditions or otherwise, we would have to identify, qualify, and select acceptable alternative suppliers. Alternative suppliers may not be available to us when needed or may not be in a position to satisfy our quantity requirements on commercially reasonable terms, or be able to fulfill comparable pricing and timing requirements. Any significant interruption or delays of our suppliers in supplying the products would require us to reduce or delay our delivery of products to our customers or increase our shipping costs to make up for delays, if possible, which in turn could reduce our revenue, cause us to incur delay -relatedliquidated damages or other liabilities to our customers, harm our relationships with our customers, damage our reputation, or cause us to forego potential revenue opportunities. The growth and profitability of our business depend on the level of consumer demand and discretionary spending. A severe or prolonged economic downturn in Japan, East Asia or Southeast Asia could materially and adversely affect consumer discretionary spending and therefore adversely affect our