Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 204

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 204
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 2025 and 2024, and through the issuance date of these consolidated financial statements. 17.SUBSEQUENT EVENTS The Group has evaluated the impact of events that have occurred subsequent to March 31, 2025, through July24, 2025, the issuance date of the consolidated financial statements, and concluded that no other subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements, except for the event as discussed below. The directors and shareholders of the Company passed written resolutions on August8, 2025 to amend the Memorandum and Articles of the Company, with said amendments being registered by the BVI Registry of Corporate Affairs on August13, 2025, following which the Company is now authorized to issue unlimited Class A Ordinary Shares with no par value and Class B Ordinary Shares with no par value. On August8, 2025, the Company redeemed the 10,000 issued and outstanding ordinary shares and issued 5,740 Class A Ordinary Shares and 1,500 Class B Ordinary Shares to WISDOM FOCUS GROUP LTD. and 2,760 Class A Ordinary Shares to other shareholders. F-30 Until [], 2025, all dealers that effect transactions in these securities, whether or not participating in the Offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriter and with respect to their unsold allotments or subscriptions. [] Class A Ordinary Shares Seahawk Recycling Holdings, Inc. Prospectus dated [], 2025 PART II INFORMATION NOT REQUIRED IN PROSPECTUS ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS. Our Memorandum and Articles of Association, which became effective on February 27, 2025, empowers us to indemnify our directors and officers against certain liabilities they incur by reason of their being a director or officer of our Company. We have also entered into indemnification agreements with each of our directors and executive officers in connection with the Offering. Under these agreements, we have agreed to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being a director or officer of our Company. The underwriting agreement in connection with the Offering also provides for indemnification of us and our officers, directors or persons controlling us for certain liabilities. We intend to obtain directors’ and officer’s liability insurance coverage that will cover certain liabilities of directors and officers