Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 54

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 54
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 expenses payable by us, if the underwriter does not exercise its over -allotmentoption, and approximately US$[ ] million, if the underwriter exercises its over -allotmentoption in full. (5)Approximately US$[ ] million, after deducting underwriting discounts and non -accountableexpenses and the estimated Offering expenses payable by us, if the underwriter does not exercise its over -allotmentoption, and approximately US$[ ] million, if the underwriter exercises its over -allotmentoption in full. Global market expansion and localized operations We plan to establish subsidiaries in Southeast Asia, build local sales and compliance teams, and enhance regional supply chain capabilities and customer response time, which we estimate will likely incur an expense of approximately $[] million per year. Research, development, and optimization of AI-powered trading/matching system We plan to independently develop an AI -poweredtrading/matching system and build an intelligent supply chain platform to enable automatic market data collection, smart matching, and optimized pricing; establish a scalable Software as a Service platform framework, which we estimate will likely incur an expense of approximately $[ ] million per year. Expansion into new recyclable categories and product line development We plan to invest in new equipment and team training to enter into new recyclable categories such as waste plastic, waste glass, and organic waste, expanding product coverage and customer service capabilities, which we estimate will likely incur an expense of approximately $[] million per year.

32 Domestic and international facility investment and environmental certification We plan to build or acquire processing facilities in Japan or other countries to develop in -houseprocessing capacity and ensure compliance with domestic and international environmental standards and certifications, which we estimate will likely incur an expense of approximately $[ ] million per year. General working capital and financial stability reserves We aim to reserve a portion of net proceeds from the Offering for general working capital and financial stability reserves needs and use as daily operations, including but not limited to, funding prepaid logistics costs, team expansion, and liquidity buffers to enhance financial flexibility. This can serve as a buffer to deal with the fluctuating economic environment and at the same time provide a stable finance backup for daily operational use. The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of the Offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of the Offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of the Offering differently than as described in