Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 170

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 170
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 U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. /s/ Golden Eagle CPAs LLC We have served as the Company’s auditor since 2025. Bedminster, New Jersey
July24, 2025, except Notes 14 and17, as to which the date is September25, 2025 F-2

SEAHAWK RECYCLING HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS (In U.S. Dollar, except for share data, or otherwise noted)

| Assets                                                                                                                                                                                     
 Current assets:                                                                                                                                                                            |     | As of March 31, 
 2025            |            |   |     | 2024 |           |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------------|-----------:|:--|:----|:-----|----------:|:--|
| Cash and cash equivalents                                                                                                                                                                  |     | $               |  1,645,553 |   |     | $    |   620,245 |   |
| Accounts receivable, net                                                                                                                                                                   |     |                 |  6,826,305 |   |     |      | 2,578,925 |   |
| Inventories                                                                                                                                                                                |     |                 |  5,124,240 |   |     |      |         — |   |
| Prepaid expenses and other current assets,