Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 179

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 179
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 value and any changes in fair value are recognized as gain or loss from the investment. Investments in equity funds that NAV per share The Group holds investments in Japanese pooled private equity funds. The fair value of investment funds is measured at their net asset values per share (or its equivalent) as a practical expedient. Investment income (loss) recognition and classification The Group has classified these investments as current assets, as it has the intent and ability to sell them within one year. The Group recognizes both realized and unrealized gains and losses in consolidated statements of operations and comprehensive income (loss), through gain (loss) from changes in fair value of the short -terminvestments. Unrealized gains and losses represent: (1)fair value changes for investments in equity securities with readily determinable fair value; (2)changes in NAV as a practical expedient to estimate fair value for investments in funds that report NAV per share. Realized gains and losses on the investments represent the difference between proceeds received upon disposition of investments and their historical or adjusted cost. As of March 31, 2025 and 2024, short -terminvestments consisted of the following:

|                                                                     |     | As of March 31, |    2025 |     |   |    2024 |
|:--------------------------------------------------------------------|:----|:----------------|--------:|:----|:--|--------:|
| Investments in public entities with readily determinable fair value |     | $               | 503,784 |     | $ | 441,596 |
| Investments in equity funds that report NAV per share               |     |                 |  92,512 |     |   | 152,939 |
| Total short-term investments                                        |     | $               | 596,296 |     | $ | 594,535 |

Realized and unrealized gain or loss were included in investment income, net, were as follows:

|                                                                 |     | For the years ended 
 March 31,           |    2025 |     |   |     2024 |   |
|:----------------------------------------------------------------|:----|:--------------------|--------:|:----|:--|---------:|:--|
| Realized gain (loss)                                            |     | $                   | 214,687 |     | $ | (238,497 | ) |
| Unrealized gain                                                 |     |                     | 106,048 |     |   |  375,983 |   |
| Total gain from changes in fair value