Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 58

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 58
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 value as of March 31, 2025 is approximately $10,361,597, or approximately $0.47 per Class A Ordinary Share. This represents an immediate increase in as adjusted net tangible book value per Class A Ordinary Share of $0.36 to our existing shareholders and an immediate dilution in as adjusted net tangible book value per Class A Ordinary Share of approximately $4.53 to new investors purchasing Class A Ordinary Shares in the Offering. The following table illustrates this dilution on a per Class A Ordinary Share basis: The following table illustrates this dilution on a per Class A Ordinary Share basis.

|                                                                                                           |     | Post-       
 Offering(1) |      |     | Full           
 Exercise of    
 Over-Allotment 
 Option         |      |
| Assumed Initial public offering price per Class A Ordinary Share                                          |     | US$         | 5.00 |     | US$            | 5.00 |
| Net tangible book value per Class A Ordinary Share as of March 31, 2025                                   |     | US$         | 0.11 |     | US$            | 0.11 |
| As adjusted net tangible book value per Class A Ordinary Share attributable to payments by new investors  |     | US$         | 0.36 |     | US$            | 0.42 |
| Pro forma net tangible book value per Class A Ordinary Share immediately after the Offering               |     | US$         | 0.47 |     | US$            | 0.53 |
| Amount of dilution in net tangible book value per Class A Ordinary Share to new investors in the Offering |     | US$         | 4.53 |     | US$            | 4.47 |

____________ (1)Assumes that the underwriter’s over -allotmentoption has not been exercised. If the underwriter exercises its over -allotmentoption in full, the pro forma as adjusted net tangible book value per Class A Ordinary Share after the Offering would be US$0.53, the increase in net tangible book value per Class A Ordinary Share to existing shareholders would be US$0.42, and the immediate dilution in net tangible book value per Class A Ordinary Share to new investors in the Offering would be US$4.47. To the extent that we issue additional Class A Ordinary Shares in the future, there will be further dilution to new investors participating in the Offering.

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The following table summarizes