Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 2

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 2
---
 NASDAQ Capital Market (“NASDAQ”) under the symbol “[].” At this time, Nasdaq has not yet approved our application to list our Class A Ordinary Shares. The closing of the Offering is conditioned upon NASDAQ’s final approval of our listing application, and there is no guarantee or assurance that our Class A Ordinary Shares will be approved for listing on NASDAQ. We are an “emerging growth company” as defined under the federal securities laws and will be subject to reduced public company reporting requirements. See “Prospectus Summary — Implications of Our Being an ‘Emerging Growth Company’” and “Risk Factors” on pages 7 and10, respectively. We are incorporated in the British Virgin Islands. Under the rules of the U.S. Securities and Exchange Commission (the “SEC”), we currently qualify for treatment as a “foreign private issuer.” As a foreign private issuer, we will not be required to file periodic reports and financial statements with the SEC, as frequently or as promptly as domestic registrants whose securities are registered under the Securities Exchange Act of 1934, as amended. Please read “Implication of Being a Foreign Private Issuer” beginning on page 8 of this prospectus for more information. Investing in our Class A Ordinary Shares involves a high degree of risk, including the risk of losing your entire investment. See “Risk Factors” beginning on page 10 of this prospectus to read about factors you should consider before buying our Class A Ordinary Shares. We have a dual -classvoting structure consisting of Class A Ordinary Shares and Class B ordinary shares, no par value (“Class B Ordinary Shares”). Under this structure, holders of Class A Ordinary Shares are entitled to one vote per Class A Ordinary Share, and holders of Class B Ordinary Shares are entitled to 20 votes per Class B Ordinary Share, which will cause the holders of Class B Ordinary Shares to have an unbalanced, higher concentration of voting power. Class B Ordinary Shares are convertible into Class A Ordinary Shares at any time after issuance at the option of the holder on a one -to-onebasis. Class A Ordinary Shares are not convertible into shares of any other class. Following the completion of the Offering, [WISDOM FOCUS GROUP LTD., our largest shareholder, will beneficially own approximately [ ]% of the aggregate voting power of our issued and outstanding Ordinary Shares, among which [ ]% of the voting power stems from [5,740] Class A Ordinary Shares and [ ]% stems from [1,500] Class B Ordinary Shares it holds