Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 56

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 56
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 of the Inland Revenue Department of Japan, no tax is generally payable in Japan in respect of dividends paid by us to non -residentsin Japan. See “ Regulations — Taxation” on page 82 and “ Taxation — Japanese Taxation” on page 109. 34

CAPITALIZATION The following table sets forth our capitalization as of March 31, 2025: •on an actual basis; •on an adjusted basis, giving effect to the issuance and sale of 2,000,000 Class A Ordinary Shares by us in the Offering at the assumed initial public offering price of $5.00 per Class A Ordinary Share, which is the midpoint of the price range set forth on the cover page of this prospectus, after deducting the estimated underwriting discounts to the underwriter and other estimated offering expenses payable by us, assuming no exercise of the underwriter’s over -allotmentoption; and •on an adjusted basis, giving effect to the issuance and sale of 2,300,000 Class A Ordinary Shares by us in the Offering at the assumed initial public offering price of $5.00 per Class A Ordinary Share, which is the midpoint of the price range set forth on the cover page of this prospectus, after deducting the estimated underwriting discounts to the underwriter and other estimated offering expenses payable by us, assuming the full exercise of the underwriter’s over -allotmentoption. You should read this table together with our consolidated financial statements and the related notes included elsewhere in this prospectus and the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

|                                                                                                                                                                                                                                                                                                                                                          |     | As of March 31, 2025 |   |     |                 |   |     |                  |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|---------------------:|:--|:----|----------------:|:--|:----|-----------------:|:--|
|                                                                                                                                                                                                                                                                                                                                                          |     |               Actual |   |     |     Adjusted(1) 
 (Over-allotment 
      option not 
      exercised) |   |     |      Adjusted(1) 
  (Over-allotment 
 option exercised 
         in full) |   |
|                                                                                                                                                                                                                                                                                                                                                          |     |                  US$ |   |     |             US$ |   |     |              US$ |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                |     |            1,645,