Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 60

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 60
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 | 100 | % |     | $              | 0.43 |

| Over-allotment option exercised in full 
 Number                                  |     | Ordinary Shares 
       purchased 
         Percent |     |     | Amount |     | Total consideration |    Percent |     |     |   |     | Average        
 price per      
 ordinary share |      |
|:----------------------------------------|:----|----------------:|:----|----:|:-------|:----|:--------------------|-----------:|:----|----:|:--|:----|:---------------|-----:|
| Existing shareholders                   |     |      23,530,000 |     |  91 | %      |     | $                   |  1,043,533 |     |   8 | % |     | $              | 0.04 |
| New investors                           |     |       2,300,000 |     |   9 | %      |     | $                   | 11,500,000 |     |  92 | % |     | $              | 5.00 |
| Total                                   |     |      25,830,000 |     | 100 | %      |     | $                   | 12,543,533 |     | 100 | % |     | $              | 0.49 |

38 MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion of our financial condition and results of operations in conjunction with the consolidated financial statements and the notes to those statements included elsewhere in this prospectus. The discussion in this prospectus contains forward -looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. The cautionary statements made in this prospectus should be read as applying to all related forward -lookingstatements wherever they appear in this prospectus. Our actual results could differ materially from those discussed here. Factors that could cause or contribute to these differences include those discussed in “Risk Factors,” as well as those discussed elsewhere. See “Risk Factors” and “Disclosure Regarding Forward -Looking Statements.” Overview Headquartered in Tokyo, Japan, we are an international recycling company dedicated to advancing sustainable material solutions across East Asia and Southeast Asia. As a committed advocate for environmental sustainability, we have devoted ourselves to promoting the development of a low -carbonand zero -wasteglobal green circular economy by engaging in the trading of recyclable resources such as waste paper