Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 135

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 135
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 any restriction upon the disclosure of information imposed by any enactment or otherwise. 103 SHARES ELIGIBLE FOR FUTURE SALE Before our initial public offering, there has not been a public market for our Class A Ordinary Shares, and though we intend to apply listing on the NASDAQ Capital Market, a regular trading market for our Class A Ordinary Shares may not develop. Future sales of substantial amounts of our Class A Ordinary Shares in the public market after our initial public offering, or the possibility of these sales occurring, could cause the prevailing market price for our Class A Ordinary Shares to fall or impair our ability to raise equity capital in the future. Upon completion of the Offering, we will have issued and outstanding Class A Ordinary Shares held by public shareholders representing approximately []% of our issued and outstanding Class A Ordinary Shares if the underwriter does not exercise its over -allotmentoption, and approximately [ ]% of our issued and outstanding Class A Ordinary Shares if the underwriter exercises its over -allotmentoption in full. All of the Public Offering Class A Ordinary Shares will be freely transferable by persons other than our “affiliates” without restriction or further registration under the Securities Act. Lock-Up Agreements Our directors, officers and holders of more than 5% of the Company’s outstanding Class A Ordinary Shares as of the effective date of the Registration Statement will enter into customary “lock -up” agreements in favor of the underwriter for a period of six (6) months from the closing of the Offering; and each of the Company and any successors of the Company will agree, for a period of six (6) months from the closing of the Offering, that each will not (a) offer, sell, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; or (b) file or caused to be filed any registration statement with the SEC relating to the Offering of any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company. Rule 144 All of our Class A Ordinary Shares outstanding prior to the Offering are “restricted securities”, as that term is defined in Rule 144 under the Securities Act, and may be sold publicly in the United States only if they are subject to an effective registration statement under the Securities Act or pursuant to an exemption from the registration requirement such as those provided by Rule 144 and Rule 701 prom