Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 3

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 3
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 of this prospectus or any filed free writing prospectus must inform themselves about and observe any restrictions relating to the Offering of the Class A Ordinary Shares and the distribution of this prospectus or any filed free -writingprospectus outside the United States. ii Conventions that Apply to this Prospectus Unless otherwise indicated or the context requires otherwise, references in this prospectus to •“$,” “dollars,” “USD”, “US$” or “U.S. dollars” are to the legal currency of the United States. •“BVI Act” are to the BVI Business Companies Act, 2004 (as amended); •“BVI” are to the British Virgin Islands; •“Class A Ordinary Shares” are to the Class A Ordinary Shares of Seahawk, $[1.00] par value per share; •“Class B Ordinary Shares” are to the Class B Ordinary Shares of Seahawk, $[1.00] par value per share; •“Company,” “Seahawk,” “we”, “us”, or “our,” are to Seahawk Recycling Holdings, Inc., a British Virgin Islands holding company, and to describing our consolidated financial information; •“Memorandum and Articles” are to [the current amended and restated memorandum and articles of association of Seahawk]; •“Operating Entity” are to our wholly -ownedsubsidiary, Kaiyo Japan Co., Ltd, a Japanese corporation; •“Ordinary Shares” are to the Class A Ordinary Shares and Class B Ordinary Shares, collectively, of Seahawk; •“Top Edge” are to our wholly -ownedsubsidiary, TOP EDGE DEVELOPMENTS LIMITED ( 頂鋒發展有限公司), a company incorporated in the British Virgin Islands; •“U.S. GAAP” refers to generally accepted accounting principles in the United States; and Unless the context indicates otherwise, all information in this prospectus assumes no exercise by the underwriter of its over -allotmentoption. We do not have any material operations of our own. We are a holding company with operations conducted in Japan through the Operating Entity using Japanese yen (“JPY” or “¥”), the currency of Japan. The Operating Entity reporting currency is in Japanese yen. This prospectus contains translations of certain foreign currency amounts into U.S. dollars for the convenience of the reader. Translations of amounts in the consolidated balance sheets, consolidated statements of income and comprehensive income, consolidated statements of changes in shareholders’ equity and consolidated statements